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Hochschild Mining Shares Rally After Barclays Upgrade

Sam Boughedda trader
Updated 24 Nov 2021
  • Hochschild Mining shares are up 6% at 121.4p Wednesday after the stock was given a bullish rating at Barclays. 
  • Analyst Ian Rossouw upgraded the stock to Overweight from Equal Weight.
  • However, the analyst lowered his price target 165p from 185p. 
  • Rossouw told investors the selloff in the shares following the threat of mine closures in Peru “presents a significant value opportunity,” 
  • He added that the “softening” of the Peruvian government's tone suggests Hochschild's 60% valuation discount versus peers “presents a significant risk-reward opportunity.”

Should You Invest in Hochschild Mining Shares?

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Sam is a trader and lead stock market writer at AskTraders. After starting his career in the forex market, Sam now focuses on stocks, specifically consumer staples.