Hochschild Mining (LON:HOC) Downgraded by JPMorgan Chase & Co. to Neutral

Hochschild Mining (LON:HOC) was downgraded by investment analysts at JPMorgan Chase & Co. to a “neutral” rating in a research note issued on Monday,Digital Look reports. They presently have a GBX 670 price objective on the stock, up from their previous price objective of GBX 600. JPMorgan Chase & Co.‘s target price points to a potential upside of 15.52% from the company’s current price.

A number of other research firms have also recently weighed in on HOC. Berenberg Bank upped their price target on shares of Hochschild Mining from GBX 380 to GBX 400 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. Canaccord Genuity Group increased their target price on shares of Hochschild Mining from GBX 350 to GBX 465 and gave the company a “buy” rating in a report on Monday, October 13th. Finally, Peel Hunt reissued a “buy” rating and set a GBX 340 price target on shares of Hochschild Mining in a research note on Tuesday, October 7th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 407.50.

Hochschild Mining Stock Performance

Hochschild Mining stock traded down GBX 5.50 during trading hours on Monday, reaching GBX 580. 2,403,427 shares of the stock were exchanged, compared to its average volume of 5,054,982. The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89. The firm’s 50 day moving average is GBX 454.67 and its 200 day moving average is GBX 367.59. Hochschild Mining has a 52-week low of GBX 166 and a 52-week high of GBX 598. The stock has a market cap of £2.98 billion, a P/E ratio of 20.00, a P/E/G ratio of 0.41 and a beta of 1.08.

Insider Buying and Selling at Hochschild Mining

In related news, insider Mike Sylvestre acquired 1,620 shares of Hochschild Mining stock in a transaction dated Thursday, October 30th. The shares were acquired at an average cost of GBX 331 per share, for a total transaction of £5,362.20. 43.62% of the stock is currently owned by company insiders.

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. The ore at our operations is processed into silver-gold concentrate or dore.

Hochschild Mining plc is listed on the Main Market of the London Stock Exchange and is headquartered in Lima, Peru.