Hochschild Mining (LON:HOC) Trading Down 13.7% – What’s Next?

Hochschild Mining plc (LON:HOC) fell 13.7% during mid-day trading on Wednesday . The company traded as low as GBX 187 ($2.31) and last traded at GBX 197.67 ($2.44). 7,010,646 shares changed hands during trading, an increase of 182% from the average session volume of 2,488,105 shares. The stock had previously closed at GBX 229 ($2.82).

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HOC. Berenberg Bank restated a “hold” rating and set a GBX 200 ($2.47) target price on shares of Hochschild Mining in a research report on Wednesday, October 16th. JPMorgan Chase & Co. raised their price objective on shares of Hochschild Mining from GBX 310 ($3.82) to GBX 320 ($3.95) and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Canaccord Genuity Group raised their price objective on shares of Hochschild Mining from GBX 220 ($2.71) to GBX 310 ($3.82) and gave the stock a “buy” rating in a report on Thursday, October 24th.

Hochschild Mining Stock Performance

The firm’s 50-day moving average price is GBX 218.57 and its two-hundred day moving average price is GBX 200.34. The firm has a market capitalization of £1.03 billion, a PE ratio of 4,005.32, a P/E/G ratio of 0.41 and a beta of 1.08. The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 55.11.

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.