J P Morgan Chase & Co Reiterates “Underweight” Rating for Hochschild Mining (HOC)
Hochschild Mining (LON:HOC)‘s stock had its “underweight” rating reissued by analysts at J P Morgan Chase & Co in a report issued on Thursday. They presently have a GBX 235 ($3.16) price objective on the stock. J P Morgan Chase & Co’s price objective would suggest a potential upside of 5.90% from the company’s current price.
A number of other brokerages also recently issued reports on HOC. Numis Securities reissued a “hold” rating and set a GBX 260 ($3.50) price objective on shares of Hochschild Mining in a research report on Tuesday, August 22nd. Barclays cut their price objective on shares of Hochschild Mining from GBX 285 ($3.84) to GBX 235 ($3.16) and set an “equal weight” rating for the company in a research report on Tuesday, October 24th. Finally, Royal Bank Of Canada raised shares of Hochschild Mining to an “outperform” rating and boosted their price objective for the company from GBX 260 ($3.50) to GBX 270 ($3.63) in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Hochschild Mining has an average rating of “Hold” and an average price target of GBX 260.83 ($3.51).
Shares of Hochschild Mining (LON HOC) traded up GBX 2.80 ($0.04) during mid-day trading on Thursday, hitting GBX 221.90 ($2.99). 1,098,256 shares of the stock were exchanged, compared to its average volume of 1,250,000. Hochschild Mining has a 12-month low of GBX 186.60 ($2.51) and a 12-month high of GBX 337.60 ($4.54).
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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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