Canaccord Genuity Group Increases Hochschild Mining (LON:HOC) Price Target to GBX 310

Hochschild Mining (LON:HOC) had its target price upped by Canaccord Genuity Group from GBX 220 ($2.86) to GBX 310 ($4.02) in a report released on Thursday, MarketBeat reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also issued reports about the stock. Berenberg Bank reiterated a “hold” rating and issued a GBX 200 ($2.60) target price on shares of Hochschild Mining in a report on Wednesday, October 16th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 250 ($3.25) target price on shares of Hochschild Mining in a report on Thursday, August 29th.

Hochschild Mining Trading Down 0.8 %

HOC opened at GBX 238.50 ($3.10) on Thursday. Hochschild Mining has a 1-year low of GBX 84.75 ($1.10) and a 1-year high of GBX 251.84 ($3.27). The firm has a market capitalization of £1.23 billion, a price-to-earnings ratio of 4,840.00, a price-to-earnings-growth 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. The company’s 50 day simple moving average is GBX 187.97 and its two-hundred day simple moving average is GBX 176.67.

About Hochschild Mining

Hochschild Mining plc, a precious metals company, engages in the exploration, mining, processing, and sale of gold and silver deposits in Peru, Argentina, the United States, Canada, Brazil, and Chile. The company's flagship asset include the Inmaculada gold and silver underground mine located in the Ayacucho Department, southern Peru.