Hochschild Mining downgraded to Neutral from Overweight at JPMorgan

JPMorgan analyst Patrick Jones downgraded Hochschild Mining (HCHDF) to Neutral from Overweight with a price target of 670 GBp, up from 600 GBp. The analyst also placed the shares on “Negative Catalyst Watch” as part of a Q4 earnings preview for the gold miners. JPMorgan has turned more selective on the group, citing “creeping cost inflation.”