Canaccord Genuity Group Forecasts Strong Price Appreciation for Hochschild Mining (LON:HOC) Stock

Hochschild Mining (LON:HOC) had its price objective hoisted by research analysts at Canaccord Genuity Group from GBX 285 ($3.77) to GBX 370 ($4.90) in a report issued on Thursday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 16.87% from the stock’s previous close.

Several other brokerages have also weighed in on HOC. Berenberg Bank cut their price target on Hochschild Mining from GBX 210 ($2.78) to GBX 200 ($2.65) and set a “hold” rating for the company in a research note on Wednesday, March 12th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 300 ($3.97) target price on shares of Hochschild Mining in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada raised shares of Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.57) price target on the stock in a research note on Thursday, March 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 290 ($3.84).

Hochschild Mining Stock Performance

Shares of HOC opened at GBX 316.60 ($4.19) on Thursday. The stock has a 50-day moving average of GBX 231.57 and a two-hundred day moving average of GBX 219.01. The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89. The stock has a market cap of £2.06 billion, a P/E ratio of 67.53, a P/E/G ratio of 0.41 and a beta of 1.08. Hochschild Mining has a one year low of GBX 144.01 ($1.91) and a one year high of GBX 324 ($4.29).

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.