Hochschild Mining (HOC.L): will it break the 158p key support level, or bounce to highs of 225p (+41%)?

• Currently trading around the 158p support. The current price is 158.7p (at time of writing).
• Support levels like these are often used by traders to assist with decision making.
• Strong support levels often suggest that there may be ‘hot money’ looking to buy at the key level. Of course, valuations can change.
• Will the share price rally again to recent highs of 225p? (+41%).
• Shares -30% from 12-month highs; +2% from 12 month lows.

Latest News

17 Dec:  JP Morgan Cazenove reiterates its neutral rating on Hochschild Mining (HOC) and reduced the target price to 175p (from 195p).

06 Dec:  Hochschild Mining stated that Dionisio Romero Paoletti would stay in his role as director, despite shareholders voting against his re-election at the AGM.

05 Dec:  UBS has downgraded its rating on Hochschild Mining (HOC) to neutral (from buy) and reduced the target price to 170p  (from 230p).

28 Nov:  Berenberg reiterates its hold rating on Hochschild Mining (HOC) and reduced the target price to 170p (from 190p).

28 Nov:  BMO Capital Markets reiterates its outperform rating on Hochschild Mining (HOC) and reduced the target price to 220p (from 260p).

27 Nov:  Peel Hunt reiterates its buy rating on Hochschild Mining (HOC) and reduced the target price to 225p (from 260p).

26 Nov:  Bank of America Merrill Lynch has upgraded its rating on Hochschild Mining (HOC) to outperform (from neutral) and reduced the target price to 220p (from 260p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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