Jefferies raises Hochschild Mining target to 700p on rising asset value

What Brokers Say Mining Written by: Ian Lyall 16:00 Thu 27 Aug 2026 --> Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business output at the Daily... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Hochschild Mining PLC ( LSE:HOC OTCQX:HCHDF ) View Price & Profile Jefferies raises Hochschild Mining target to 700p on rising asset value Published: 16:00 27 Aug 2026 BST 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 uplift partly reflects marking Hochschild's equity investments in Tiernan Gold and Aclara Resources to market, with the investments now valued at more than $300 million in total. Jefferies expects shares to continue re-rating towards peers as Mara Rosa delivers and key growth projects are sanctioned. Plant performance at Mara Rosa improved in August, with crushing, milling and filtering each running at 6,300 tonnes per day, up from between 5,500 and 5,800 tonnes per day in July. Management believes the plant can run at 7,000 tonnes per day or higher in the second half of the year, working towards an annual gold production rate of 80,000 ounces. Development work continues at the Monte do Carmo project ahead of a potential investment decision by the end of the year, with first production expected in late 2028. Continue reading