Hochschild Mining Plc (HOC) Rating Reiterated by J P Morgan Chase & Co
Hochschild Mining Plc (LON:HOC)‘s stock had its “neutral” rating reissued by research analysts at J P Morgan Chase & Co in a report issued on Thursday. They currently have a GBX 255 ($3.30) target price on the stock. J P Morgan Chase & Co’s price objective points to a potential downside of 6.04% from the stock’s previous close.
A number of other research analysts have also weighed in on the company. Barclays PLC raised their price objective on Hochschild Mining Plc from GBX 230 ($2.98) to GBX 285 ($3.69) and gave the company an “equal weight” rating in a report on Friday, April 21st. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 290 ($3.76) price objective on shares of Hochschild Mining Plc in a report on Wednesday, July 12th. Finally, Numis Securities Ltd restated a “hold” rating and issued a GBX 260 ($3.37) price objective on shares of Hochschild Mining Plc in a report on Thursday. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 275.83 ($3.57).
Shares of Hochschild Mining Plc (LON:HOC) opened at 274.70 on Thursday. The stock’s market cap is GBX 1.39 billion. Hochschild Mining Plc has a 1-year low of GBX 186.60 and a 1-year high of GBX 327.60. The company’s 50-day moving average is GBX 282.12 and its 200-day moving average is GBX 257.77.
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In other news, insider Ignacio Bustamante sold 130,000 shares of Hochschild Mining Plc stock in a transaction on Thursday, June 8th. The stock was sold at an average price of GBX 306 ($3.96), for a total transaction of £397,800 ($515,284.97).
About Hochschild Mining Plc
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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