Canaccord Genuity Group Issues Pessimistic Forecast for Hochschild Mining (LON:HOC) Stock Price

Hochschild Mining (LON:HOC) had its price objective decreased by analysts at Canaccord Genuity Group from GBX 310 ($3.82) to GBX 285 ($3.51) in a research report issued to clients and investors on Thursday,Digital Look reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 55.29% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Canaccord Genuity Group lifted their price objective 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. Berenberg Bank reaffirmed a “hold” rating and set a GBX 200 ($2.46) price objective on shares of Hochschild Mining in a research report on Wednesday, October 16th. 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 report on Friday, December 6th.

Hochschild Mining Stock Performance

Shares of HOC opened at GBX 183.53 ($2.26) on Thursday. Hochschild Mining has a 1 year low of GBX 87.30 ($1.07) and a 1 year high of GBX 251.84 ($3.10). The stock has a 50-day simple moving average of GBX 218.86 and a 200-day simple moving average of GBX 200.64. The company has a debt-to-equity ratio of 55.11, a quick ratio of 1.87 and a current ratio of 0.89. The stock has a market capitalization of £944.16 million, a PE ratio of 3,670.50, a PEG ratio of 0.41 and a beta of 1.08.

Hochschild Mining Company Profile

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.