Hochschild Mining plc (LON:HOC – Get Free Report) shares rose 12.6% during trading on Thursday . The stock traded as high as GBX 224.50 ($2.90) and last traded at GBX 216 ($2.79). Approximately 3,533,057 shares changed hands during trading, an increase of 25% from the average daily volume of 2,837,316 shares. The stock had previously closed at GBX 191.80 ($2.48).
Analysts Set New Price Targets
Several research firms have recently issued reports on HOC. JPMorgan Chase & Co. reaffirmed 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. Berenberg Bank lowered their price objective on Hochschild Mining from GBX 210 ($2.72) to GBX 200 ($2.59) and set a “hold” rating for the company in a research report on Wednesday. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 285 ($3.69) price objective on shares of Hochschild Mining in a research report on Wednesday. Finally, Royal Bank of Canada raised Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.49) price objective for the company in a research report on Thursday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Hochschild Mining presently has a consensus rating of “Moderate Buy” and an average price target of GBX 273 ($3.53).
Hochschild Mining Price Performance
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.
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