Hochschild Mining (LON:HOC – Get Free Report) was downgraded by analysts at Berenberg Bank to a “hold” rating in a report released on Wednesday, Marketbeat.com reports. They presently have a GBX 200 ($2.54) price target on the stock. Berenberg Bank’s price target would suggest a potential upside of 14.03% from the company’s current price.
Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. increased their target price on Hochschild Mining from GBX 240 ($3.04) to GBX 260 ($3.30) and gave the company an “overweight” rating in a report on Tuesday, May 28th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 190 ($2.41) price objective on shares of Hochschild Mining in a report on Tuesday, May 14th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Hochschild Mining presently has a consensus rating of “Moderate Buy” and an average target price of GBX 176 ($2.23).
Read Our Latest Stock Analysis on Hochschild Mining
Hochschild Mining Price Performance
Insiders Place Their Bets
In other news, insider Eduardo Landin bought 72,500 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were bought at an average price of GBX 183 ($2.32) per share, for a total transaction of £132,675 ($168,305.21). Company insiders own 38.69% of the company’s stock.
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.
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