Hochschild Mining (LON:HOC) Price Target Lowered to GBX 250 at JPMorgan Chase & Co.

Hochschild Mining (LON:HOC) had its price target decreased by equities researchers at JPMorgan Chase & Co. from GBX 260 ($3.29) to GBX 250 ($3.16) in a research note issued on Wednesday, Digital Look reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 34.41% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. Berenberg Bank downgraded shares of Hochschild Mining to a “hold” rating and set a GBX 200 ($2.53) price objective for the company. in a report on Wednesday, June 26th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 190 ($2.40) target price on shares of Hochschild Mining in a research report on Tuesday, May 14th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 174 ($2.20).

Hochschild Mining Stock Performance

LON HOC traded up GBX 12.60 ($0.16) during trading on Wednesday, reaching GBX 186 ($2.35). The company’s stock had a trading volume of 1,289,902 shares, compared to its average volume of 1,385,650. 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 £956.90 million, a price-to-earnings ratio of -2,310.00, a price-to-earnings-growth ratio of 0.41 and a beta of 1.12. Hochschild Mining has a 12 month low of GBX 68.29 ($0.86) and a 12 month high of GBX 191.40 ($2.42). The firm has a 50 day moving average price of GBX 170.73 and a 200 day moving average price of GBX 130.56.

Insider Buying and Selling

In related news, insider Eduardo Landin acquired 72,500 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was acquired at an average cost of GBX 183 ($2.31) per share, for a total transaction of £132,675 ($167,815.58). 38.69% of the stock is owned by corporate insiders.

Hochschild Mining Company Profile

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.