Hochschild Mining (HOC) Downgraded by Numis Securities to Hold

Hochschild Mining (LON:HOC) was downgraded by investment analysts at Numis Securities to a “hold” rating in a research report issued to clients and investors on Thursday. They presently have a GBX 230 ($3.12) target price on the stock. Numis Securities’ price target indicates a potential downside of 3.44% from the stock’s previous close.

Several other research firms have also recently commented on HOC. Royal Bank of Canada cut Hochschild Mining to a “sector performer” rating and set a GBX 260 ($3.53) target price for the company. in a research note on Thursday, January 4th. JPMorgan Chase & Co. boosted their target price on Hochschild Mining from GBX 205 ($2.78) to GBX 210 ($2.85) and gave the stock an “underweight” rating in a research note on Thursday, January 11th. Finally, Barclays reissued an “equal weight” rating and set a GBX 235 ($3.19) target price on shares of Hochschild Mining in a research note on Monday, January 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 251.67 ($3.41).

Hochschild Mining (LON HOC) traded down GBX 2.20 ($0.03) on Thursday, reaching GBX 238.20 ($3.23). The company had a trading volume of 1,080,997 shares, compared to its average volume of 1,370,000. Hochschild Mining has a 1 year low of GBX 215.39 ($2.92) and a 1 year high of GBX 337.60 ($4.58). The firm has a market cap of $1,220.00 and a PE ratio of 4,764.00.

In other Hochschild Mining news, insider Ignacio Bustamante sold 90,000 shares of Hochschild Mining stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of GBX 257 ($3.49), for a total transaction of £231,300 ($313,669.65).

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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.

Analyst Recommendations for Hochschild Mining (LON:HOC)

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