JPMorgan Chase & Co. Reaffirms Overweight Rating for Hochschild Mining (LON:HOC)

Hochschild Mining (LON:HOC)‘s stock had its “overweight” rating reissued by equities research analysts at JPMorgan Chase & Co. in a report released on Thursday, MarketBeat.com reports. They currently have a GBX 300 ($3.75) price objective on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 66.85% from the stock’s current price.

HOC has been the topic of a number of other research reports. Berenberg Bank reissued a “hold” rating and set a GBX 200 ($2.50) price objective on shares of Hochschild Mining in a research note on Wednesday, October 16th. Canaccord Genuity Group upped their price objective on shares of Hochschild Mining from GBX 220 ($2.75) to GBX 310 ($3.87) and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Canaccord Genuity Group cut their price objective on shares of Hochschild Mining from GBX 310 ($3.87) to GBX 285 ($3.56) and set a “buy” rating for the company in a research report on Thursday.

Hochschild Mining Stock Down 2.3 %

Shares of LON HOC opened at GBX 179.80 ($2.24) on Thursday. The stock has a market cap of £925.00 million, a PE ratio of 3,596.00, a P/E/G ratio of 0.41 and a beta of 1.08. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 55.11. Hochschild Mining has a 12-month low of GBX 87.30 ($1.09) and a 12-month high of GBX 251.84 ($3.14). The company has a 50-day moving average of GBX 218.12 and a 200 day moving average of GBX 200.68.

Hochschild Mining Company Profile

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.