Hochschild Mining Plc (HOC) Given “Overweight” Rating at Barclays PLC
Hochschild Mining Plc (LON:HOC)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Barclays PLC in a report issued on Wednesday. They presently have a GBX 180 ($2.40) price objective on the stock. Barclays PLC’s price objective indicates a potential downside of 31.69% from the company’s current price.
Several other brokerages have also recently weighed in on HOC. Numis Securities Ltd reaffirmed a “hold” rating on shares of Hochschild Mining Plc in a research report on Wednesday, August 17th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 145 ($1.93) price target on shares of Hochschild Mining Plc in a research report on Wednesday, August 17th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of GBX 122.07 ($1.63).
Shares of Hochschild Mining Plc (LON:HOC) traded down 4.94% during midday trading on Wednesday, reaching GBX 263.50. The company had a trading volume of 1,742,998 shares. The company has a 50 day moving average price of GBX 276.13 and a 200-day moving average price of GBX 171.54. The firm’s market capitalization is GBX 1.22 billion. Hochschild Mining Plc has a one year low of GBX 38.75 and a one year high of GBX 327.60.
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About Hochschild Mining Plc
Hochschild Mining plc is engaged in mining, processing and sale of silver and gold. It has approximately three operating mines (Arcata, Pallancata and Inmaculada) located in southern Peru and approximately one operating mine (San Jose) located in Argentina. Its segments include Arcata, Pallancata, San Jose, Inmaculada, Exploration and Other.
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