Hochschild Mining (LON:HOC) Earns Buy Rating from Canaccord Genuity Group

Hochschild Mining (LON:HOC)‘s stock had its “buy” rating reissued by equities research analysts at Canaccord Genuity Group in a report released on Wednesday, Marketbeat reports. They presently have a GBX 285 ($3.69) price target on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 28.67% from the stock’s previous close.

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 300 ($3.89) price objective on shares of Hochschild Mining in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 273 ($3.54).

Hochschild Mining Price Performance

HOC opened at GBX 221.50 ($2.87) on Wednesday. The firm has a market cap of £1.44 billion, a price-to-earnings ratio of 47.25, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. Hochschild Mining has a fifty-two week low of GBX 108.20 ($1.40) and a fifty-two week high of GBX 251.84 ($3.26). The company’s 50-day moving average price is GBX 196.90 and its 200 day moving average price is GBX 202.68. The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 61.86.

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.