Hochschild Mining
Does this Upgrade present an opportunity for you?
Is it irrelevant, or will the Upgrade make the Hochschild Mining share price more attractive?
- The chart shows the Hochschild Mining share over the last month.
- RBC has upgraded its rating to Outperform and its target price to 255p
- Consensus summary: 4 Buys, 3 Holds, 0 Sell; Average target: 203p (Source: Bloomberg).
- Current share price 162.9p (at time of writing).
- Shares -39.0% from 2018 highs; +10.9% from 2018 lows; -38.3% year-to date
- 7 Nov: Drilling at Inmaculada adds 1.3m Gold-Equivalent Ounces YTD
- 17 Oct: Hochschild raises Full-Year production target to 520K Gold-Equivalent Ounces
- Source: Bloomberg, FT, Reuters, DJ Newswires
Trading Hochschild Mining – An Example
Let’s say you think that Hochschild Mining shares have upside potential as result of this broker upgrade. You decide to buy exposure to £10,000 worth of Hochschild Mining using a CFD, at the current price of 162.8p. To do this, you need £2,000.
For the purpose of this example, let’s assume the Hochschild Mining share price rises to May highs of 225p (+7.2%). Your profit would be £1110 from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. Hochschild Mining shares continue their downtrend, they fall 3% and hit your stop-loss. Your loss would be £300.
This is provided for information purposes only. It should not be taken as a recommendation.