- Hochschild Mining shares are up 6% at 121.4p Wednesday after the stock was given a bullish rating at Barclays.Â
- Analyst Ian Rossouw upgraded the stock to Overweight from Equal Weight.
- However, the analyst lowered his price target 165p from 185p.Â
- Rossouw told investors the selloff in the shares following the threat of mine closures in Peru “presents a significant value opportunity,”Â
- 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?
After a fall from the $2,000 level, could gold be set for another run higher? If you're a gold investor, you won't want to miss out on these stocks… Discover which companies our analysts are focusing their attention on for the coming months. If gold does move back to $2,000, these investments could see significant gains