Hochschild Mining Price Target Cut to GBX 120 by Analysts at Numis Securities Ltd (HOC)
Equities research analysts at Numis Securities Ltd reduced their target price on shares of Hochschild Mining (LON:HOC) from GBX 180 ($2.97) to GBX 120 ($1.98) in a research note issued to investors on Monday, American Banking News reports. The firm currently has a “hold” rating on the stock. Numis Securities Ltd’s target price points to a potential downside of 10.11% from the company’s current price.
HOC has been the subject of a number of other recent research reports. Analysts at Barclays upgraded shares of Hochschild Mining to an “equal weight” rating in a research note to investors on Friday. They now have a GBX 146 ($2.41) price target on the stock. Separately, analysts at Westhouse Securities reiterated a “buy” rating on shares of Hochschild Mining in a research note to investors on Wednesday, January 8th. They now have a GBX 200 ($3.30) price target on the stock. Finally, analysts at RBC Capital cut their price target on shares of Hochschild Mining from GBX 260 ($4.28) to GBX 150 ($2.47) in a research note to investors on Wednesday, December 18th. They now have a “sector performer” rating on the stock. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 172.54 ($2.84).
Shares of Hochschild Mining (LON:HOC) opened at 134.50 on Monday. Hochschild Mining has a 52 week low of GBX 119.10 and a 52 week high of GBX 472.60. The stock’s 50-day moving average is GBX 131.1 and its 200-day moving average is GBX 173.2. The company’s market cap is £425.3 million.
Hochschild Mining plc is a precious metals company with a primary focus on the exploration, mining, processing and sale of silver and gold.
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