Royal Bank of Canada Downgrades Hochschild Mining (HOC) to Sector Performer
Royal Bank of Canada lowered shares of Hochschild Mining (LON:HOC) to a sector performer rating in a research report report published on Thursday, January 4th. Royal Bank of Canada currently has GBX 260 ($3.65) price objective on the stock.
Other equities research analysts also recently issued reports about the company. Numis Securities reissued an add rating and set a GBX 260 ($3.65) target price on shares of Hochschild Mining in a research report on Thursday, October 19th. JPMorgan Chase & Co. reissued an underweight rating and set a GBX 235 ($3.30) target price on shares of Hochschild Mining in a research report on Friday, November 10th. Finally, Barclays cut their price target on shares of Hochschild Mining from GBX 285 ($4.00) to GBX 235 ($3.30) and set an equal weight rating for the company in a research note on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of GBX 251.67 ($3.53).
Hochschild Mining (LON:HOC) traded down GBX 1.20 ($0.02) during mid-day trading on Thursday, reaching GBX 229 ($3.22). The company had a trading volume of 1,107,785 shares, compared to its average volume of 1,280,000. Hochschild Mining has a fifty-two week low of GBX 215.39 ($3.02) and a fifty-two week high of GBX 337.60 ($4.74). The firm has a market capitalization of $1,170.00 and a P/E ratio of 4,580.00.
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About Hochschild Mining
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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