JPMorgan Chase & Co. Has Lowered Expectations for Hochschild Mining (LON:HOC) Stock Price

Hochschild Mining (LON:HOC) had its price objective cut by JPMorgan Chase & Co. from GBX 610 to GBX 600 in a report issued on Wednesday, Marketbeat.com reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 41.84% from the company’s current price.

Several other analysts have also weighed in on the company. UBS Group restated a “buy” rating and issued a GBX 300 price objective on shares of Hochschild Mining in a report on Friday, August 15th. Peel Hunt reiterated a “buy” rating and issued a GBX 340 price target on shares of Hochschild Mining in a research report on Tuesday, October 7th. Canaccord Genuity Group upped their price target on shares of Hochschild Mining from GBX 350 to GBX 465 and gave the company a “buy” rating in a report on Monday, October 13th. Finally, Berenberg Bank raised their price objective on shares of Hochschild Mining from GBX 380 to GBX 400 and gave the company a “hold” rating in a research report on Wednesday, October 22nd. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Hochschild Mining currently has an average rating of “Moderate Buy” and an average price target of GBX 395.83.

Hochschild Mining Stock Performance

Shares of LON HOC opened at GBX 423 on Wednesday. The stock has a fifty day moving average price of GBX 369.57 and a two-hundred day moving average price of GBX 315.65. The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89. The firm has a market cap of £2.18 billion, a P/E ratio of 14.59, a PEG ratio of 0.41 and a beta of 1.08. Hochschild Mining has a 1 year low of GBX 166 and a 1 year high of GBX 442.24.

Insider Transactions at Hochschild Mining

In other news, insider Mike Sylvestre acquired 1,620 shares of Hochschild Mining stock in a transaction on Thursday, October 30th. The stock was bought at an average cost of GBX 331 per share, with a total value of £5,362.20. Insiders own 43.62% of the company’s stock.

About Hochschild Mining

We are a leading underground precious metals producer focusing on high grade silver and gold deposits, with over 50 years’ operating experience in the Americas.

We currently operate three underground mines, two located in southern Peru and one in southern Argentina. All of our underground operations are epithermal vein mines and the principal mining method used is cut and fill.