Hochschild Mining Price Target Cut to GBX 170 by Analysts at HSBC (HOC)
Equities researchers at HSBC lowered their price objective on shares of Hochschild Mining (LON:HOC) from GBX 240 ($3.94) to GBX 170 ($2.79) in a research report issued on Wednesday, StockRatingsNetwork.com reports. The firm currently has an “overweight” rating on the stock. HSBC’s price target suggests a potential upside of 8.80% from the company’s current price.
Hochschild Mining (LON:HOC) opened at 155.30 on Wednesday. Hochschild Mining has a 1-year low of GBX 119.10 and a 1-year high of GBX 459.09. The stock has a 50-day moving average of GBX 0. and a 200-day moving average of GBX 0.. The company’s market cap is £491.1 million.
HOC has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of Hochschild Mining from GBX 135 ($2.22) to GBX 155 ($2.54) in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Hochschild Mining from GBX 150 ($2.46) to GBX 160 ($2.63) in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of Hochschild Mining in a research note to investors on Tuesday. They now have a GBX 150 ($2.46) price target on the stock. Four analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Hochschild Mining currently has a consensus rating of “Hold” and a consensus price target of GBX 165.77 ($2.72).
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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