Hochschild Mining (HOC) Given New GBX 220 Price Target at JPMorgan Chase & Co.

Hochschild Mining (LON:HOC) had its price objective boosted by JPMorgan Chase & Co. from GBX 210 ($2.85) to GBX 220 ($2.98) in a research note issued on Thursday. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.’s price objective points to a potential downside of 10.17% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on HOC. Barclays reiterated an “equal weight” rating and set a GBX 235 ($3.19) target price on shares of Hochschild Mining in a research report on Monday, January 8th. Royal Bank of Canada cut shares of Hochschild Mining to a “sector performer” rating and set a GBX 260 ($3.53) target price for the company. in a research report on Thursday, January 4th. Finally, Numis Securities reiterated an “add” rating and set a GBX 260 ($3.53) target price on shares of Hochschild Mining in a research report on Thursday, October 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Hochschild Mining has a consensus rating of “Hold” and a consensus price target of GBX 251.67 ($3.41).

Shares of Hochschild Mining (HOC) traded up GBX 6.70 ($0.09) during mid-day trading on Thursday, hitting GBX 244.90 ($3.32). 1,260,707 shares of the stock were exchanged, compared to its average volume of 1,370,000. Hochschild Mining has a 52 week low of GBX 215.39 ($2.92) and a 52 week high of GBX 337.60 ($4.58). The firm has a market cap of $1,240.00 and a PE ratio of 4,898.00.

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

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About Hochschild Mining

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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