Hochschild Mining (HOC)

Sector:

Mining

Index:

FTSE 250

274.40p
   
  • Change Today:
      1.00p
  • 52 Week High: 320.80p
  • 52 Week Low: 160.80p
  • Currency: UK Pounds
  • Shares Issued: 514.46m
  • Volume: 2,403,650
  • Market Cap: £1,411.67m
  • RiskGrade: 335
  • Beta: 0.01

JPMorgan names Fresnillo as top gold mining pick

By Benjamin Chiou

Date: Wednesday 05 Feb 2025

LONDON (ShareCast) - (Sharecast News) - JPMorgan has raised its target price for precious metals miner Fresnillo from 900p to 1,000p and named the stock its top pick among the EMEA-listed gold mining sector.
The bank, which is 'overweight' on the EMEA gold mining sector as a whole, said Fresnillo was its preference given it is trading on a 3.5x enterprise value-to-EBITDA ratio at a 12% free cash flow yield.

"We expect management guidance on opex inflation at FY24 results (4 March) to further de-risk 2025/26E earnings forecasts," JPM said.

UK-listed Hochschild was also rated 'overweight' given its potential to re-rate as well.

The bank said it was reiterating its positive view on the sector, with shares having traded sideways since the start of November despite a 4% increase in the gold price.

Inflationary pressures, tariff uncertainty and geopolitical tensions should provide upside to prices over 2025, with gold expected to hit the year-end target of $2,950/oz sooner if tariffs risks are prolonged, up from new record of $2,869.68/oz on Wednesday morning.

"Although recent investor marketing indicates a bullish gold outlook is widely shared, there is less conviction or consensus on how to be positioned in the sub-sector. Thus, we still see a compelling entry point for the EMEA Gold Miners given they screen exceptionally cheap with >10% FCF yields and pose fewer operational risks following recent guidance updates."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

HOC Market Data

Currency UK Pounds
Share Price 274.40p
Change Today 1.00p
% Change 0.37 %
52 Week High 320.80p
52 Week Low 160.80p
Volume 2,403,650
Shares Issued 514.46m
Market Cap £1,411.67m
Beta 0.01
RiskGrade 335

HOC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
2.56% below the market average2.56% below the market average2.56% below the market average2.56% below the market average2.56% below the market average
88.89% below the sector average88.89% below the sector average88.89% below the sector average88.89% below the sector average88.89% below the sector average
Price Trend
93.71% above the market average93.71% above the market average93.71% above the market average93.71% above the market average93.71% above the market average
72.93% above the sector average72.93% above the sector average72.93% above the sector average72.93% above the sector average72.93% above the sector average
Income
73.42% below the market average73.42% below the market average73.42% below the market average73.42% below the market average73.42% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Growth
79.76% above the market average79.76% above the market average79.76% above the market average79.76% above the market average79.76% above the market average
74.07% above the sector average74.07% above the sector average74.07% above the sector average74.07% above the sector average74.07% above the sector average

What The Brokers Say

Strong Buy 4
Buy 4
Neutral 2
Sell 0
Strong Sell 0
Total 10
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HOC Dividends

  Latest Previous
  Final Interim
Ex-Div 08-May-25 01-Sep-22
Paid 18-Jun-25 23-Sep-22
Amount 1.94¢ 1.95¢

Trades for 30-May-2025

Time Volume / Share Price
12:09 397,797 @ 278.20p
12:09 397,797 @ 278.20p
16:35 1,072,551 @ 274.40p
16:35 2,205 @ 274.40p
16:35 13,269 @ 274.40p

HOC Key Personnel

Chair Eduardo Hochschild
CEO Eduardo Landin

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