Hochschild Mining (LON:HOC) Upgraded to Buy at UBS Group

Hochschild Mining (LON:HOC) was upgraded by stock analysts at UBS Group to a “buy” rating in a research note issued to investors on Wednesday, June 26th, ThisIsMoney.Co.Uk reports. The brokerage presently has a GBX 230 ($3.01) target price on the stock, up from their prior target price of GBX 215 ($2.81). UBS Group’s price target suggests a potential upside of 12.09% from the company’s previous close.

A number of other research analysts have also weighed in on HOC. Royal Bank of Canada reissued a “hold” rating on shares of Painted Pony Energy in a report on Friday, March 8th. JPMorgan Chase & Co. lowered Engie to a “hold” rating in a report on Wednesday, April 10th. Barclays reaffirmed a “sell” rating and set a $17.00 target price on shares of Infineon Technologies in a report on Wednesday, May 8th. Finally, Numis Securities raised Royal Bank of Scotland Group from an “add” rating to a “buy” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 210 ($2.74).

Shares of LON HOC traded up GBX 2.40 ($0.03) during mid-day trading on Wednesday, reaching GBX 205.20 ($2.68). 1,458,771 shares of the company were exchanged, compared to its average volume of 1,380,000. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 19.88. The firm has a market capitalization of $1.05 billion and a PE ratio of 82.08. Hochschild Mining has a 1 year low of GBX 146.65 ($1.92) and a 1 year high of GBX 211.60 ($2.76). The business has a 50-day simple moving average of GBX 182.89.

Hochschild Mining Company Profile

Hochschild Mining plc, a precious metals company, explores for, mines, processes, and sells silver and gold in the Americas. The company also offers doré and concentrates. It holds a 100% interests in the Inmaculada gold/silver underground operation and Pallancata silver/gold property, which are located in the Department of Ayacucho in southern Peru; and Arcata, an underground operation located in the Department of Arequipa in southern Peru, as well as a 51% interest in the San Jose silver/gold mine is located in Argentina.

Read More: Discount Rate

Analyst Recommendations for Hochschild Mining (LON:HOC)

Receive News & Ratings for Hochschild Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hochschild Mining and related companies with MarketBeat.com's FREE daily email newsletter.