JPMorgan Chase & Co. Reiterates “Overweight” Rating for Hochschild Mining (LON:HOC)

Hochschild Mining (LON:HOC)‘s stock had its “overweight” rating restated by stock analysts at JPMorgan Chase & Co. in a report released on Thursday,Digital Look reports. They currently have a GBX 300 ($3.69) price target on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 63.04% from the stock’s current price.

HOC has been the subject of several other research reports. Berenberg Bank restated a “hold” rating and issued a GBX 200 ($2.46) price target on shares of Hochschild Mining in a research note on Wednesday, October 16th. Canaccord Genuity Group lifted their price objective on Hochschild Mining from GBX 220 ($2.71) to GBX 310 ($3.82) and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Canaccord Genuity Group lowered their price objective on Hochschild Mining from GBX 310 ($3.82) to GBX 285 ($3.51) and set a “buy” rating on the stock in a report on Thursday.

Hochschild Mining Price Performance

Shares of Hochschild Mining stock traded down GBX 9.40 ($0.12) on Thursday, hitting GBX 184 ($2.27). The company’s stock had a trading volume of 2,878,781 shares, compared to its average volume of 2,690,782. The company has a debt-to-equity ratio of 55.11, a quick ratio of 1.87 and a current ratio of 0.89. Hochschild Mining has a 1 year low of GBX 87.30 ($1.07) and a 1 year high of GBX 251.84 ($3.10). The firm has a fifty day moving average price of GBX 218.44 and a 200-day moving average price of GBX 200.71. The company has a market capitalization of £946.61 million, a price-to-earnings ratio of 3,680.00, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08.

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.