Hochschild Mining (LON:HOC) Stock Price Down 16.7% – What’s Next?

Hochschild Mining plc (LON:HOC) shares fell 16.7% during trading on Wednesday . The stock traded as low as GBX 188.62 ($2.33) and last traded at GBX 190.79 ($2.36). 4,704,393 shares changed hands during trading, an increase of 102% from the average session volume of 2,334,355 shares. The stock had previously closed at GBX 229 ($2.83).

Analyst Upgrades and Downgrades

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

Hochschild Mining Trading Down 1.1 %

The stock has a market capitalization of £936.32 million, a PE ratio of 3,640.00, 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. The business’s 50-day moving average is GBX 218.44 and its two-hundred day moving average is GBX 200.71.

About Hochschild Mining

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.