Royal Bank of Canada Upgrades Hochschild Mining (LON:HOC) to "Outperform"

Hochschild Mining (LON:HOC - Get Free Report) was upgraded by equities research analysts at Royal Bank of Canada to an "outperform" rating in a research note issued on Thursday,Digital Look reports. The brokerage presently has a GBX 270 ($3.51) target price on the stock. Royal Bank of Canada's target price suggests a potential upside of 8.00% from the stock's previous close.

A number of other analysts also recently issued reports on the company. JPMorgan Chase & Co. reissued an "overweight" rating and set a GBX 300 ($3.90) price objective on shares of Hochschild Mining in a research report on Thursday, January 23rd. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 285 ($3.70) price target on shares of Hochschild Mining in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of GBX 273 ($3.55).

Hochschild Mining Trading Up 6.8 %

Hochschild Mining stock traded up GBX 16 ($0.21) during mid-day trading on Thursday, hitting GBX 250 ($3.25). The company's stock had a trading volume of 2,917,100 shares, compared to its average volume of 2,870,476. Hochschild Mining has a 1 year low of GBX 111.10 ($1.44) and a 1 year high of GBX 252 ($3.27). The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86. The firm has a market capitalization of £1.62 billion, a PE ratio of 53.33, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The stock's fifty day moving average is GBX 197.77 and its two-hundred day moving average is GBX 203.40.

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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.