Hochschild Mining (LON:HOC) Upgraded by JPMorgan Chase & Co. to “Overweight” Rating

Hochschild Mining (LON:HOC) was upgraded by stock analysts at JPMorgan Chase & Co. to an “overweight” rating in a research report issued to clients and investors on Thursday,Digital Look reports. The brokerage currently has a GBX 990 price target on the stock, up from their previous price target of GBX 890. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 45.83% from the stock’s current price.

Several other equities research analysts also recently weighed in on HOC. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 750 price objective on shares of Hochschild Mining in a report on Thursday. Berenberg Bank raised their target price on shares of Hochschild Mining from GBX 430 to GBX 570 and gave the company a “hold” rating in a research note on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Hochschild Mining has a consensus rating of “Moderate Buy” and a consensus price target of GBX 536.67.

Hochschild Mining Trading Up 4.5%

LON:HOC opened at GBX 678.87 on Thursday. The stock has a market cap of £3.49 billion, a price-to-earnings ratio of 23.41, a PEG ratio of 0.41 and a beta of 0.80. The company has a debt-to-equity ratio of 49.70, a quick ratio of 1.87 and a current ratio of 0.75. Hochschild Mining has a 1 year low of GBX 216.50 and a 1 year high of GBX 849.50. The business has a fifty day moving average of GBX 662.70 and a 200-day moving average of GBX 477.54.

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. 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.