JPMorgan Chase & Co. Upgrades Hochschild Mining (LON:HOC) to “Overweight”

Hochschild Mining (LON:HOC) was upgraded by stock analysts at JPMorgan Chase & Co. to an “overweight” rating in a research report issued on Thursday,Digital Look reports. The firm presently has a GBX 840 price target on the stock, up from their previous price target of GBX 820. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 88.93% from the company’s previous close.

Separately, Berenberg Bank restated a “hold” rating and issued a GBX 590 price target on shares of Hochschild Mining in a report on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 564.

Hochschild Mining Stock Performance

HOC stock opened at GBX 444.60 on Thursday. The business’s 50-day moving average price is GBX 520.36 and its two-hundred day moving average price is GBX 603.79. The company has a current ratio of 0.99, a quick ratio of 1.87 and a debt-to-equity ratio of 47.67. The firm has a market cap of £2.29 billion, a PE ratio of 11.40, a P/E/G ratio of 0.41 and a beta of 0.95. Hochschild Mining has a 1-year low of GBX 246.20 and a 1-year high of GBX 849.50.

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. 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.