Hochschild Mining Plc 38.9% potential upside indicated by JP Morgan

Hochschild Mining Plc with ticker (LON:HOC) now has a potential upside of 38.9% according to JP Morgan.

HOC.L

JP Morgan set a target price of 260 GBX for the company, which when compared to the Hochschild Mining Plc share price of 187 GBX at opening today (06/06/2024) indicates a potential upside of 38.9%. Trading has ranged between 68 (52 week low) and 191 (52 week high) with an average of 1,657,138 shares exchanging hands daily. The market capitalisation at the time of writing is £967,181,113.

Hochschild Mining PLC is a United Kingdom-based precious metals company. The Company is focused on the exploration, mining, processing and sale of gold and silver in the Americas. The Company operates two underground epithermal vein mines: Inmaculada, located in southern Peru, and San Jose in southern Argentina. It also operates the Mara Rosa open pit mine in Brazil. Inmaculada is a 20,000-hectare gold and silver underground mine, which consists of 40 mining concessions and is located in the Ayacucho Department in southern Peru. San Jose is a gold-silver underground mine located in Argentina, in the Santa Cruz province, 1,750 kilometers (km) southwest of Buenos Aires. The property covers a total area of 50,491 hectares and is approximately 20 km north of Newmont’s Cerro Negro mine. The Company owns 51% in San Jose mine. Mara Rosa is an open pit gold mine located in the mining-friendly jurisdiction of Goias State in Brazil.