Hochschild Mining Stock News

Jefferies has increased its price target on Hochschild Mining PLC (LSE:HOC, OTCQX:HCHDF, FRA:H3M), the precious metals producer, to 700p from 625p, a 12% rise that implies the same percentage upside from the current share price of 625.50p. The global investment bank's net asset value estimate rose approximately 10% as its model rolled forward, despite slightly higher cost assumptions.

The miner reported higher earnings over the first half year as average gold price rose 47% and while silver prices were 130% higher.

Hochschild Mining PLC (LSE:HOC, OTCQX:HCHDF) more than doubled adjusted earnings in the first half of 2026 as stronger gold and silver prices offset lower production and higher operating costs. Adjusted EBITDA rose 119% to US$491.5 million in the six months to 30 June from US$224.5 million a year earlier, while revenue increased 62% to US$844.4 million.

Hochschild Mining PLC (LSE:HOC) and Fresnillo PLC (LSE:FRES) led London's mining sector lower on Thursday as falling gold and silver prices hit precious metals producers. Hochschild fell 1.8%, Endeavour Mining PLC (LSE:EDV) lost 1.8%, Pan African Resources PLC (LSE:PAF) shed 1.5% and Fresnillo dropped 1.3% in early trading.

Newmont stock and several other miners could stand to benefit if gold rebounds with the end of the U.S.-Iran conflict.

Crowded positioning, a pause in central-bank buying, an increase in the dollar and a rise in real interest rates all contributed to the 26% peak-to-trough decline in the gold prices.

Gold mining shares came under pressure on Monday after bullion prices fell below $4,300 an ounce for the first time this year, extending a sharp month-long sell-off in the precious metal. Among London-listed miners, Hochschild Mining PLC (LSE:HOC, OTCQX:HCHDF, FRA:H3M) fell 2.6%, Atalaya Mining Copper (LSE:ATYM, TSX:AYM) lost 2.25%, Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF, FRA:6E2) ...