Royal Bank of Canada upgraded shares of Hochschild Mining (LON:HOC) to an outperform rating in a research note published on Friday. They currently have GBX 255 ($3.33) target price on the stock, up from their previous target price of GBX 200 ($2.61).
A number of other research firms also recently commented on HOC. UBS Group reissued a neutral rating and set a GBX 175 ($2.29) price objective (up previously from GBX 170 ($2.22)) on shares of Hochschild Mining in a report on Thursday. BMO Capital Markets reissued an outperform rating and set a GBX 270 ($3.53) price objective on shares of Hochschild Mining in a report on Thursday, August 16th. Barclays reissued an equal weight rating on shares of Hochschild Mining in a report on Friday, October 12th. JPMorgan Chase & Co. raised shares of Hochschild Mining to a neutral rating and decreased their price objective for the stock from GBX 215 ($2.81) to GBX 190 ($2.48) in a report on Thursday, October 18th. Finally, Numis Securities raised shares of Hochschild Mining to an add rating in a report on Thursday, July 19th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of Buy and an average price target of GBX 211.67 ($2.77).
HOC stock traded down GBX 0.65 ($0.01) during trading on Friday, reaching GBX 162.05 ($2.12). 1,861,081 shares of the company were exchanged, compared to its average volume of 1,380,000. Hochschild Mining has a 52-week low of GBX 196.15 ($2.56) and a 52-week high of GBX 337.60 ($4.41).
About Hochschild Mining
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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