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Berenberg Bank Lowers Hochschild Mining (LON:HOC) Price Target to GBX 200

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Hochschild Mining (LON:HOC - Get Free Report) had its price objective decreased by research analysts at Berenberg Bank from GBX 210 ($2.73) to GBX 200 ($2.60) in a report released on Wednesday,Digital Look reports. The brokerage presently has a "hold" rating on the stock. Berenberg Bank's price objective suggests a potential downside of 20.00% from the company's previous close.

Several other research analysts have also recently issued reports on the company. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 285 ($3.70) price objective on shares of Hochschild Mining in a research report on Wednesday, March 12th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a GBX 300 ($3.90) price target on shares of Hochschild Mining in a report on Thursday, January 23rd. Finally, Royal Bank of Canada raised shares of Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.51) price objective on the stock in a report on Thursday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of GBX 273 ($3.55).

Read Our Latest Analysis on HOC

Hochschild Mining Stock Up 6.8 %

Shares of Hochschild Mining stock traded up GBX 16 ($0.21) during trading on Wednesday, hitting GBX 250 ($3.25). 2,917,100 shares of the stock were exchanged, compared to its average volume of 2,870,476. The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87. The firm's 50-day moving average price is GBX 197.77 and its 200 day moving average price is GBX 203.40. The stock has a market cap of £1.62 billion, a price-to-earnings ratio of 53.33, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. Hochschild Mining has a 12-month low of GBX 111.10 ($1.44) and a 12-month high of GBX 252 ($3.27).

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About Hochschild Mining

(Get Free Report)

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.

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