Hochschild Mining (LON:HOC) Rating Lowered to “Neutral” at JPMorgan Chase & Co.

Hochschild Mining (LON:HOC) was downgraded by stock analysts at JPMorgan Chase & Co. to a “neutral” rating in a report issued on Monday, Marketbeat Ratings reports. They presently have a GBX 670 price objective on the stock, up from their prior price objective of GBX 600. JPMorgan Chase & Co.‘s price target points to a potential upside of 11.11% from the company’s current price.

Several other equities analysts also recently weighed in on the company. Peel Hunt reissued a “buy” rating and set a GBX 340 price target on shares of Hochschild Mining in a research report on Tuesday, October 7th. Berenberg Bank raised their price objective on Hochschild Mining from GBX 380 to GBX 400 and gave the company a “hold” rating in a research report on Wednesday, October 22nd. Finally, Canaccord Genuity Group raised their target price on Hochschild Mining from GBX 350 to GBX 465 and gave the company a “buy” rating in a research note on Monday, October 13th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 407.50.

Hochschild Mining Price Performance

Shares of LON:HOC opened at GBX 603 on Monday. Hochschild Mining has a 52 week low of GBX 166 and a 52 week high of GBX 605.50. The company has a 50-day moving average price of GBX 463.87 and a 200 day moving average price of GBX 372.09. The company has a market cap of £3.10 billion, a P/E ratio of 20.79, a PEG ratio of 0.41 and a beta of 1.08. The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 61.86.

Insider Buying and Selling at Hochschild Mining

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

Hochschild Mining Company Profile

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. The ore at our operations is processed into silver-gold concentrate or dore.

Hochschild Mining plc is listed on the Main Market of the London Stock Exchange and is headquartered in Lima, Peru.