Canaccord Genuity Group Issues Pessimistic Forecast for Hochschild Mining (LON:HOC) Stock Price

Hochschild Mining (LON:HOC) had its target price reduced by Canaccord Genuity Group from GBX 310 ($3.87) to GBX 285 ($3.56) in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. Canaccord Genuity Group currently has a buy rating on the stock.

A number of other research analysts have also commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Hochschild Mining from GBX 310 ($3.87) to GBX 320 ($3.99) and gave the company an “overweight” rating in a research report on Friday, December 6th. Berenberg Bank restated a “hold” rating and issued a GBX 200 ($2.50) target price on shares of Hochschild Mining in a research note on Wednesday, October 16th. Finally, Canaccord Genuity Group raised their price target on 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.

Hochschild Mining Trading Down 2.3 %

LON:HOC opened at GBX 179.80 ($2.24) on Thursday. Hochschild Mining has a 1 year low of GBX 87.30 ($1.09) and a 1 year high of GBX 251.84 ($3.14). The stock’s fifty day moving average price is GBX 217.53 and its two-hundred day moving average price is GBX 200.53. The company has a debt-to-equity ratio of 55.11, a current ratio of 0.89 and a quick ratio of 1.87. The company has a market cap of £925.00 million, a P/E ratio of 3,596.00, a P/E/G ratio of 0.41 and a beta of 1.08.

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.