Numis Securities Lowers Hochschild Mining (LON:HOC) Price Target to GBX 210

Hochschild Mining (LON:HOC) had its price target reduced by equities research analysts at Numis Securities from GBX 230 ($3.18) to GBX 210 ($2.90) in a report issued on Thursday, February 22nd. The brokerage presently has a “hold” rating on the stock. Numis Securities’ target price would indicate a potential upside of 3.75% from the stock’s current price.

A number of other research analysts have also weighed in on the company. Barclays reiterated an “equal weight” rating and issued a GBX 235 ($3.25) price target on shares of Hochschild Mining in a research report on Monday, January 8th. Royal Bank of Canada upgraded Hochschild Mining to an “outperform” rating and lifted their price target for the stock from GBX 260 ($3.59) to GBX 270 ($3.73) in a research report on Thursday, November 2nd. Finally, JPMorgan Chase & Co. lifted their price target on Hochschild Mining from GBX 210 ($2.90) to GBX 220 ($3.04) and gave the stock an “underweight” rating in a research report on Thursday, January 18th.

Shares of Hochschild Mining stock traded down GBX 1.20 ($0.02) during trading on Thursday, reaching GBX 202.40 ($2.80). The company had a trading volume of 6,211,828 shares, compared to its average volume of 1,380,000. Hochschild Mining has a one year low of GBX 196.15 ($2.71) and a one year high of GBX 337.60 ($4.66). The company has a market cap of $1,040.00 and a PE ratio of 3,373.33.

In other news, insider Ignacio Bustamante sold 90,000 shares of Hochschild Mining stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of GBX 257 ($3.55), for a total transaction of £231,300 ($319,563.42).

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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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