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I have to agree with the analysts for a change. Low end at 99p and a target at 105-106p.
HOC meets the "Bold Earnings Revisions" (Jack Hough) the strategy identifies stocks that have received an earnings forecast upgrade during the past month.
The 8 analysts offering 12 month price targets for Hochschild Mining Plc have a median target of 105.66, with a high estimate of 157.31 and a low estimate of 100.96. The median estimate represents a 38.65% increase from the last price of 76.20.
Ps Dark I just read your figures below, seems we are on just the same page
Dark Knight, I am thrilled and happily surprised. This is not a compromise but an absolute result. All the politics that hit us and made our share quarter is now through. Borrowing has become high and production fallen and costs up, but this does not justify the share still having more than halved. It won’t be an easy next 12 months but Inmaculada should be churning out the cash to pay for Maria Rosa and Pallancata exploration. Then we should be a 400k oz a year mine, not far short of Centamin and with similar costs, but getting on for a third of the value. My view is the share price should be around 110 or 120, but let’s see the results in a couple of weeks. And if gold and silver were to pick up a bit I should hoe for 150. I wickedly added a few more this am.
HOCHSCHILD'S Q2 Production Report 25th July was impressive too. Given today's news I look forward to a 100% return maybe, having nearly been invested here for a year.
Mary you were wrong on FRES yesterday. You said 30% down and it finished on 3%. Your predications are getting a bit rusty lol I hope you are right this time. Be interesting to hear what Sotolo thinks ?
Seems they are letting the shorters out to weak sellers.
a full rerate is due here
higher for longer
I think if we breach 100p then 120p is very realistic and if PMs move back up 2000 for Gold and 26 for silver we can see this around 140-150. All IMHO ofcourse. The shackles are truly off now.
Congrats to everyone who believed and got it right! Absolutely fantastic news for LTHs. We're on our way to 150 no doubt about that.
Https://www.tradingview.com/x/zwm0lIUE/
Technical breakout confirmed if we have two weekly closes above 85p.
Great news here, remember HOC has gold hedged at a higher price currently, totally de risked now
Agree, 120-140 n-t target seems a realistic projection
Well done those with patience.
Hope this will add some good traction to the sp
Wow!
120-140 is my n-t target
It was obvious that this week there was going to be an RNS especially after the 1,253,487 trade yesterday soon as I saw that I thought something will be announced soon. someone clearly had Inside knowledge.
01-Aug-23 16:19:05 77.05 1,253,487 Unknown* 76.10 76.30 965.81k O
Royropata is years away from permitting.
In the meantime Pallancata is closing this year.
Target price of 225p is not realistic. Most UK listed PM miners are near their lows.
Yes, 20 years production at a historic $1058 C1/oz and $1,260 AISC and circa 240koz/year production is highly attractive.
The news also unlocks the attractive $200m debt facility with BBVA and Scotiabank. The loan has a maturity of five years and two year of grace period, at a cost SOFR + 2.05%.
This also unlocks funding for Royropata too.
Meanwhile Mara Rosa is now about 9 months away from 1st pour.
When you compare HOC against global peers on either an EV/EBITDA or 2024e PE basis is about 1/3 of that of its peers. Suggesting a target price of around 3x75p = 225p.
Today's news will help balance HOC up against people's perception vs its rivals.
Hoping to buy a few for under a quid before the market catches up with the news 🤞
Would not want to be short today.
Finally the permit has arrived. Great news.
Some talked about £1 of upside buy I am content with 50p up
Winstonwolf, I believe the breakout to confirm bullishness could begin today 😂
The MEIA is an important milestone for the Company, paving the way for its flagship mine to generate significant additional value for all stakeholders over the next two decades