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.”
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HCHDF: