Hochschild Mining (LON:HOC) was downgraded by analysts at JP Morgan Cazenove to an “underweight” rating in a research report issued to clients and investors on Monday, Analyst Ratings Network.com reports. They currently have a GBX 75 ($1.14) target price on the stock, down from their previous target price of GBX 295 ($4.50). JP Morgan Cazenove’s target price points to a potential downside of 49.15% from the company’s current price.
A number of other firms have also recently commented on HOC. Analysts at Fox-Davies Capital reiterated a “buy” rating on shares of Hochschild Mining in a research note to investors on Friday. They now have a GBX 199 ($3.04) price target on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “sell/neutral” rating on shares of Hochschild Mining in a research note to investors on Friday. They now have a GBX 100 ($1.53) price target on the stock. Finally, analysts at Bank of America Corp. reiterated a “neutral” rating on shares of Hochschild Mining in a research note to investors on Friday. They now have a GBX 300 ($4.58) price target on the stock.
Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 258.91 ($3.95).
Shares of Hochschild Mining (LON: HOC) opened at 147.50 on Monday. Hochschild Mining has a 52 week low of GBX 135.00 and a 52 week high of GBX 526.50. The stock’s 50-day moving average is currently GBX 470.1. The company’s market cap is £508.3 million.
Hochschild Mining plc is a precious metals company with a primary focus on the exploration, mining, processing and sale of silver and gold.
