Hochschild Mining PLC (LSE:HOC, OTCQX:HCHDF) shares were downgraded by UBS on Wednesday due to a lack of near-term production growth and lingering operational risks, and following a strong share price performance. The FTSE 250-listed precious metals miner has rallied roughly 130% in 2025, buoyed by rising gold and silver prices.
John Lovallo, UBS homebuilders and building products analyst, joins 'The Exchange' to discuss how the homebuilding stocks will perform next year and much more.
UBS has published its latest HOLT analysis, identifying Crocs, Inc. (NASDAQ:CROX), Maximus, Inc (NYSE:MMS) and K92 Mining Inc (TSX-V:KNT) among the attractively valued small- and mid-cap (SMID) stocks across developed markets – although notably, no London-listed companies were included. The screen draws from the HOLT framework, focusing on companies that score well on operational quality, have shown strong CFROI (cash flow return on investment) revisions over the past three months, and appear undervalued relative to both their peers and historical levels.
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UBS Group AG, headquartered in Zurich, Switzerland, is a global financial services company that caters to private, institutional, and corporate clients across the globe. Operating through its five main divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy, UBS Group AG delivers comprehensive financial advice and solutions. Founded in 1862, the company has a rich history and underwent a name change from UBS AG to UBS Group AG in December 2014. It prides itself on offering a broad range of financial services and products to meet the diverse needs of its clients.