Hochschild Mining (LON:HOC) PT Raised to GBX 310 at Canaccord Genuity Group

Hochschild Mining (LON:HOC) had its price target raised by stock analysts at Canaccord Genuity Group from GBX 220 ($2.86) to GBX 310 ($4.02) in a research report issued on Thursday, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 29.71% from the company’s previous close.

HOC has been the subject of several other research reports. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 250 ($3.25) target price on shares of Hochschild Mining in a research report on Thursday, August 29th. Berenberg Bank restated a “hold” rating and set a GBX 200 ($2.60) price objective on shares of Hochschild Mining in a report on Wednesday, October 16th.

Hochschild Mining Price Performance

HOC stock opened at GBX 239 ($3.10) on Thursday. The stock has a market cap of £1.23 billion, a PE ratio of 4,780.00, a P/E/G ratio of 0.41 and a beta of 1.08. Hochschild Mining has a 12 month low of GBX 84.75 ($1.10) and a 12 month high of GBX 251.84 ($3.27). The company has a 50-day moving average price of GBX 190.46 and a 200 day moving average price of GBX 177.75. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 55.11.

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.