Berenberg Bank Issues Pessimistic Forecast for Hochschild Mining (LON:HOC) Stock Price

Hochschild Mining (LON:HOC) had its price objective reduced by Berenberg Bank from GBX 210 ($2.72) to GBX 200 ($2.59) in a research note issued to investors on Wednesday,Digital Look reports. Berenberg Bank currently has a hold rating on the stock.

A number of other analysts also recently weighed in on HOC. Canaccord Genuity Group restated a “buy” rating and issued a GBX 285 ($3.69) price objective on shares of Hochschild Mining in a report on Wednesday. Royal Bank of Canada upgraded Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.49) price target on the stock in a research report on Thursday. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 300 ($3.88) price objective on shares of Hochschild Mining in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 273 ($3.53).

Hochschild Mining Trading Up 4.9 %

Shares of LON HOC opened at GBX 234 ($3.03) on Wednesday. The firm has a 50 day moving average price of GBX 197.12 and a two-hundred day moving average price of GBX 202.90. The stock has a market cap of £1.52 billion, a P/E ratio of 49.91, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. Hochschild Mining has a 52-week low of GBX 109 ($1.41) and a 52-week high of GBX 251.84 ($3.26). The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89.

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.