Hochschild Mining (LON:HOC) Given New GBX 285 Price Target at Canaccord Genuity Group

Hochschild Mining (LON:HOC - Free Report) had its price target reduced by Canaccord Genuity Group from GBX 310 ($3.82) to GBX 285 ($3.51) in a research note released on Thursday, Marketbeat.com reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other equities analysts have also recently issued reports on the stock. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 200 ($2.46) price objective on shares of Hochschild Mining in a research note on Wednesday, October 16th. Canaccord Genuity Group lifted their price target on shares of Hochschild Mining from GBX 220 ($2.71) to GBX 310 ($3.82) and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. increased their price objective on Hochschild Mining from GBX 310 ($3.82) to GBX 320 ($3.94) and gave the company an "overweight" rating in a research report on Friday, December 6th.

Hochschild Mining Price Performance

Shares of Hochschild Mining stock traded down GBX 9.40 ($0.12) during trading on Thursday, hitting GBX 184 ($2.27). The stock had a trading volume of 2,878,781 shares, compared to its average volume of 2,690,782. The business has a fifty day moving average of GBX 218.44 and a two-hundred day moving average of GBX 200.71. Hochschild Mining has a fifty-two week low of GBX 87.30 ($1.07) and a fifty-two week high of GBX 251.84 ($3.10). The firm has a market cap of £946.61 million, a P/E ratio of 3,680.00, a PEG ratio of 0.41 and a beta of 1.08. The company has a debt-to-equity ratio of 55.11, a current ratio of 0.89 and a quick ratio of 1.87.

About Hochschild Mining

We are a leading underground precious metals producer focusing on high grade silver and gold deposits, with over 50 years' operating experience in the Americas. We currently operate three underground mines, two located in southern Peru and one in southern Argentina. All of our underground operations are epithermal vein mines and the principal mining method used is cut and fill.