UK-listed Hochschild Mining gains; J.P. Morgan upgrades to 'overweight'

Hochschild Mining

12/03/2026 08:25

** Shares of Hochschild Mining HOCM.L climb nearly 4% to 674.7p

** J.P. Morgan upgrades stock's rating to "overweight" from "neutral"

** Raises PT to 990p from 890p, representing a 52.4% upside to stock's last close

** Says co's 50% growth pipeline and improving operational stability justifies multiple expansion, referring to its valuation

** "We believe an attractive entry point, and remain structurally bullish on gold and gold equities and consider this to be a good buying opportunity" - J.P. Morgan

** Ten analysts rate the stock "buy" on average; median PT is 730p - data compiled by LSEG

** As of last close, co is up ~26.5% YTD

 (Reporting by Akriti Shah in Bengaluru)

 ((akriti.shah@thomsonreuters.com))