Hochschild Mining (LON:HOC) Earns “Buy” Rating from Jefferies Financial Group

Hochschild Mining (LON:HOC)‘s stock had its “buy” rating reaffirmed by equities research analysts at Jefferies Financial Group in a report issued on Wednesday,Digital Look reports. They currently have a GBX 625 price target on the stock. Jefferies Financial Group’s target price would indicate a potential downside of 7.68% from the company’s current price.

A number of other equities analysts have also issued reports on HOC. JPMorgan Chase & Co. raised shares of Hochschild Mining to an “overweight” rating and boosted their target price for the stock from GBX 820 to GBX 840 in a research report on Thursday, July 23rd. Berenberg Bank raised shares of Hochschild Mining to a “buy” rating and set a GBX 570 price target for the company in a report on Monday, July 27th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 625.

Hochschild Mining Stock Up 8.2%

Shares of HOC stock opened at GBX 677 on Wednesday. Hochschild Mining has a 12 month low of GBX 246.20 and a 12 month high of GBX 849.50. The firm has a market cap of £3.48 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 0.41 and a beta of 0.95. The stock has a 50 day moving average of GBX 492.84 and a 200-day moving average of GBX 586.86. The company has a quick ratio of 1.87, a current ratio of 0.99 and a debt-to-equity ratio of 47.67.

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. The ore at our operations is processed into silver-gold concentrate or dore.

Hochschild Mining plc is listed on the Main Market of the London Stock Exchange and is headquartered in Lima, Peru.