Hochschild Mining Plc (HOC) Given Average Rating of “Buy” by Brokerages
Hochschild Mining Plc (LON:HOC) has earned a consensus recommendation of “Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 220 ($2.87).
Several research firms recently issued reports on HOC. Barclays reissued an “equal weight” rating on shares of Hochschild Mining in a research note on Friday, October 12th. UBS Group reissued a “neutral” rating and set a GBX 175 ($2.29) target price (up previously from GBX 170 ($2.22)) on shares of Hochschild Mining in a research note on Thursday, November 8th. JPMorgan Chase & Co. raised Hochschild Mining to a “neutral” rating and decreased their target price for the stock from GBX 215 ($2.81) to GBX 190 ($2.48) in a research note on Thursday, October 18th. Finally, Royal Bank of Canada raised Hochschild Mining to an “outperform” rating and increased their target price for the stock from GBX 200 ($2.61) to GBX 255 ($3.33) in a research note on Friday, November 9th.
LON HOC opened at GBX 176.35 ($2.30) on Friday. Hochschild Mining has a twelve month low of GBX 196.15 ($2.56) and a twelve month high of GBX 337.60 ($4.41).
Hochschild Mining plc, a precious metals company, explores for, mines, processes, and sells silver and gold in the Americas. The company also offers doré and concentrates. It holds a 100% interests in the Inmaculada gold/silver underground operation and Pallancata silver/gold property, which are located in the Department of Ayacucho in southern Peru; and Arcata, an underground operation located in the Department of Arequipa in southern Peru, as well as a 51% interest in the San Jose silver/gold mine is located in Argentina.
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