Hochschild Mining’s (HOC) “Buy” Rating Reaffirmed at Canaccord Genuity Group

Hochschild Mining (LON:HOC)‘s stock had its “buy” rating reaffirmed by research analysts at Canaccord Genuity Group in a report issued on Wednesday,Digital Look reports. They currently have a GBX 285 ($3.69) price objective on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 32.87% from the stock’s previous close.

Separately, JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 300 ($3.88) price target on shares of Hochschild Mining in a research report on Thursday, January 23rd.

Hochschild Mining Trading Up 11.8 %

Shares of HOC traded up GBX 22.70 ($0.29) during mid-day trading on Wednesday, reaching GBX 214.50 ($2.78). 4,271,046 shares of the company were exchanged, compared to its average volume of 2,852,076. The business has a 50 day simple moving average of GBX 196.83 and a two-hundred day simple moving average of GBX 202.25. Hochschild Mining has a 52 week low of GBX 100.70 ($1.30) and a 52 week high of GBX 251.84 ($3.26). The stock has a market capitalization of £1.39 billion, a PE ratio of 45.75, a PEG ratio of 0.41 and a beta of 1.08. The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89.

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.