JPMorgan Chase Trims Hochschild Mining (HOC) Target Price to GBX 195

Hochschild Mining (LON:HOC) had its target price reduced by investment analysts at JPMorgan Chase from GBX 215 ($3.02) to GBX 195 ($2.74) in a research note issued to investors on Monday. The firm currently has an “underweight” rating on the stock. JPMorgan Chase’s price objective suggests a potential upside of 3.94% from the stock’s previous close.

A number of other research analysts have also recently issued reports on HOC. Barclays reaffirmed an “equal weight” rating and issued a GBX 235 ($3.30) price target on shares of Hochschild Mining in a report on Monday, January 8th. Numis Securities decreased their price target on shares of Hochschild Mining from GBX 230 ($3.23) to GBX 210 ($2.95) and set a “hold” rating for the company in a report on Thursday, February 22nd. Finally, Royal Bank of Canada cut shares of Hochschild Mining to a “sector performer” rating and set a GBX 260 ($3.65) price target for the company. in a report on Thursday, January 4th.

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Shares of LON HOC traded down GBX 12.10 ($0.17) during midday trading on Monday, reaching GBX 187.60 ($2.63). The company had a trading volume of 1,048,606 shares, compared to its average volume of 1,380,000. Hochschild Mining has a 1 year low of GBX 196.15 ($2.75) and a 1 year high of GBX 337.60 ($4.74).

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Hochschild Mining Company Profile

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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