CitigroupBroker snap: Hochschild gets new fan
LONDON (ShareCast) - Hochschild Mining (LSE: HOC.L - news) was in favour today after Citigroup (NYSE: C (Advertisement)
- news) started coverage of the precious metals producer with 'buy' advice and 400p price target.
The broker notes that the company has started construction at the bulk of its projects, which means it is more likely to hit production targets.
It also likes the firm's growth prospects.