Hochschild Mining (LON:HOC) Stock Price Down 16.2% – Here’s What Happened

Hochschild Mining plc (LON:HOC)’s share price fell 16.2% on Wednesday . The stock traded as low as GBX 187 ($2.31) and last traded at GBX 191.84 ($2.37). 8,403,153 shares were traded during mid-day trading, an increase of 226% from the average session volume of 2,580,939 shares. The stock had previously closed at GBX 229 ($2.83).

Analyst Ratings Changes

A number of equities research analysts have commented on HOC shares. Canaccord Genuity Group reduced their target price on Hochschild Mining from GBX 310 ($3.83) to GBX 285 ($3.52) and set a “buy” rating on the stock in a research report on Thursday. Berenberg Bank restated a “hold” rating and issued a GBX 200 ($2.47) price objective on shares of Hochschild Mining in a report on Wednesday, October 16th. Canaccord Genuity Group increased their target price on shares of Hochschild Mining from GBX 220 ($2.72) to GBX 310 ($3.83) and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 300 ($3.71) price target on shares of Hochschild Mining in a research note on Thursday.

Hochschild Mining Trading Down 1.7 %

The company has a 50 day moving average of GBX 218.44 and a 200-day moving average of GBX 200.71. The stock has a market cap of £930.14 million, a price-to-earnings ratio of 3,616.00, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The company has a debt-to-equity ratio of 55.11, a quick ratio of 1.87 and a current ratio of 0.89.

Hochschild Mining Company Profile

We are a leading underground precious metals producer focusing on high grade silver and gold deposits, with over 50 years’ operating experience in the Americas.

We currently operate three underground mines, two located in southern Peru and one in southern Argentina. All of our underground operations are epithermal vein mines and the principal mining method used is cut and fill.