Numis Securities Downgrades Hochschild Mining (HOC) to Hold
Hochschild Mining (LON:HOC) was downgraded by stock analysts at Numis Securities to a “hold” rating in a research report issued to clients and investors on Friday. They currently have a GBX 230 ($3.10) target price on the stock, down from their prior target price of GBX 250 ($3.36). Numis Securities’ price objective would indicate a potential upside of 0.92% from the stock’s previous close.
A number of other brokerages have also commented on HOC. Royal Bank of Canada raised Hochschild Mining to an “outperform” rating and increased their price target for the company from GBX 260 ($3.50) to GBX 270 ($3.63) in a research note on Thursday, November 2nd. J P Morgan Chase & Co dropped their price target on Hochschild Mining from GBX 240 ($3.23) to GBX 235 ($3.16) and set an “underweight” rating for the company in a research note on Thursday, October 19th. Finally, Barclays dropped their price target on Hochschild Mining from GBX 285 ($3.84) to GBX 235 ($3.16) and set an “equal weight” rating for the company in a research note on Tuesday, October 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 255.83 ($3.44).
Hochschild Mining (LON:HOC) opened at GBX 227.90 ($3.07) on Friday. Hochschild Mining has a one year low of GBX 186.60 ($2.51) and a one year high of GBX 337.60 ($4.54).
COPYRIGHT VIOLATION NOTICE: “Numis Securities Downgrades Hochschild Mining (HOC) to Hold” was originally published by Watch List News and is owned by of Watch List News. If you are reading this article on another site, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this article can be read at https://www.watchlistnews.com/numis-securities-downgrades-hochschild-mining-hoc-to-hold/1764962.html.
Hochschild Mining Company Profile
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.
Receive News & Ratings for Hochschild Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hochschild Mining and related companies with Analyst Ratings Network's FREE daily email newsletter.