Hochschild Mining (LON:HOC) Rating Lowered to Hold at Berenberg Bank

Berenberg Bank cut shares of Hochschild Mining (LON:HOC) to a hold rating in a report released on Wednesday, MarketBeat reports. The firm currently has GBX 200 ($2.54) price objective on the stock.

A number of other research analysts have also weighed in on HOC. JPMorgan Chase & Co. lifted their price target on shares of Hochschild Mining from GBX 240 ($3.04) to GBX 260 ($3.30) and gave the company an overweight rating in a research note on Tuesday, May 28th. Canaccord Genuity Group reiterated a buy rating and set a GBX 190 ($2.41) target price on shares of Hochschild Mining in a report on Tuesday, May 14th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of GBX 176 ($2.23).

Hochschild Mining Stock Up 0.1 %

Shares of LON HOC traded up GBX 0.20 ($0.00) during mid-day trading on Wednesday, reaching GBX 175.40 ($2.23). 4,132,288 shares of the company’s stock were exchanged, compared to its average volume of 1,400,001. Hochschild Mining has a twelve month low of GBX 68.29 ($0.87) and a twelve month high of GBX 191.40 ($2.43). The company has a current ratio of 0.94, a quick ratio of 1.87 and a debt-to-equity ratio of 52.52. The firm has a market capitalization of £902.36 million, a price-to-earnings ratio of -2,192.50, a PEG ratio of 0.41 and a beta of 1.12. The business has a fifty day simple moving average of GBX 168.19 and a 200 day simple moving average of GBX 127.70.

Insider Activity at Hochschild Mining

In other news, insider Eduardo Landin acquired 72,500 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was bought at an average price of GBX 183 ($2.32) per share, with a total value of £132,675 ($168,305.21). 38.69% of the stock is owned by insiders.

About Hochschild Mining

Hochschild Mining plc, a precious metals company, engages in the exploration, mining, processing, and sale of gold and silver deposits in Peru, Argentina, the United States, Canada, Brazil, and Chile. The company's flagship asset include the Inmaculada gold and silver underground mine located in the Ayacucho Department, southern Peru.