Berenberg Bank Forecasts Strong Price Appreciation for Hochschild Mining (LON:HOC) Stock

Hochschild Mining (LON:HOC) had its target price boosted by analysts at Berenberg Bank from GBX 430 to GBX 570 in a research note issued on Thursday, MarketBeat Ratings reports. The firm currently has a “hold” rating on the stock. Berenberg Bank’s price target would indicate a potential downside of 18.80% from the company’s current price.

HOC has been the topic of several other reports. JPMorgan Chase & Co. cut Hochschild Mining to a “neutral” rating and upped their price objective for the company from GBX 600 to GBX 670 in a research report on Monday, January 19th. Canaccord Genuity Group upped their target price on shares of Hochschild Mining from GBX 350 to GBX 465 and gave the company a “buy” rating in a research note on Monday, October 13th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 340 price target on shares of Hochschild Mining in a report on Tuesday, October 7th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 483.33.

Hochschild Mining Price Performance

HOC stock opened at GBX 702 on Thursday. 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 50 day moving average price of GBX 480.07 and a 200-day moving average price of GBX 378.51. Hochschild Mining has a 52-week low of GBX 166 and a 52-week high of GBX 707.50. The firm has a market capitalization of £3.61 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 0.41 and a beta of 1.08.

Insider Buying and Selling

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