Hochschild Mining (HOC) Given Equal weight Rating at Barclays
Hochschild Mining (LON:HOC)‘s stock had its “equal weight” rating restated by equities research analysts at Barclays in a research report issued on Monday. They presently have a GBX 235 ($3.19) price objective on the stock. Barclays’ target price suggests a potential downside of 4.85% from the company’s previous close.
A number of other brokerages have also recently commented on HOC. Numis Securities reaffirmed an “add” rating and set a GBX 260 ($3.53) price target on shares of Hochschild Mining in a research report on Monday, September 25th. Royal Bank of Canada raised Hochschild Mining to an “outperform” rating and lifted their price target for the stock from GBX 260 ($3.53) to GBX 270 ($3.66) in a research report on Thursday, November 2nd. Finally, JPMorgan Chase & Co. lowered their price target on Hochschild Mining from GBX 240 ($3.25) to GBX 235 ($3.19) and set an “underweight” rating for the company in a research report on Thursday, October 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 254.17 ($3.45).
Shares of Hochschild Mining (LON HOC) traded up GBX 0.98 ($0.01) on Monday, reaching GBX 246.98 ($3.35). The company’s stock had a trading volume of 498,372 shares, compared to its average volume of 1,350,000. Hochschild Mining has a 12 month low of GBX 215.39 ($2.92) and a 12 month high of GBX 337.60 ($4.58). The firm has a market cap of $1,260.00 and a PE ratio of 4,116.33.
In other news, insider Ignacio Bustamante sold 90,000 shares of the business’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of GBX 257 ($3.49), for a total value of £231,300 ($313,669.65).
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About Hochschild Mining
Hochschild Mining plc is engaged in mining, processing and sale of silver and gold. It has approximately three operating mines (Arcata, Pallancata and Inmaculada) located in southern Peru and approximately one operating mine (San Jose) located in Argentina. Its segments include Arcata, Pallancata, San Jose, Inmaculada, Exploration and Other.
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