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

Hochschild Mining (LON:HOC) had its price objective decreased by JPMorgan Chase & Co. from GBX 260 ($3.29) to GBX 250 ($3.16) in a report issued on Wednesday morning, Marketbeat.com reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

HOC has been the topic of a number of other research reports. Berenberg Bank downgraded Hochschild Mining to a hold rating and set a GBX 200 ($2.53) price target on the stock. in a research report on Wednesday, June 26th. Canaccord Genuity Group restated a buy rating and set a GBX 190 ($2.40) price target on shares of Hochschild Mining in a research report on Tuesday, May 14th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of GBX 174 ($2.20).

Hochschild Mining Trading Down 0.3 %

LON HOC opened at GBX 185.40 ($2.35) on Wednesday. The stock’s 50-day simple moving average is GBX 171.31 and its two-hundred day simple moving average is GBX 130.94. Hochschild Mining has a twelve month low of GBX 68.29 ($0.86) and a twelve month high of GBX 191.40 ($2.42). The company has a quick ratio of 1.87, a current ratio of 0.94 and a debt-to-equity ratio of 52.52. The company has a market capitalization of £953.81 million, a price-to-earnings ratio of -2,325.00, a PEG ratio of 0.41 and a beta of 1.12.

Insider Buying and Selling

In other Hochschild Mining news, insider Eduardo Landin bought 72,500 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were bought at an average cost of GBX 183 ($2.31) per share, with a total value of £132,675 ($167,815.58). 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.