Hochschild Mining (LON:HOC) Shares Down 15.5% – Here’s Why

Hochschild Mining plc (LON:HOC) was down 15.5% during trading on Wednesday . The company traded as low as GBX 186 ($2.32) and last traded at GBX 193.40 ($2.41). Approximately 9,867,523 shares changed hands during mid-day trading, an increase of 268% from the average daily volume of 2,678,564 shares. The stock had previously closed at GBX 229 ($2.86).

Analysts Set New Price Targets

A number of research analysts recently commented on HOC shares. Berenberg Bank reissued a “hold” rating and issued a GBX 200 ($2.50) price target on shares of Hochschild Mining in a report on Wednesday, October 16th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 300 ($3.75) price target on shares of Hochschild Mining in a report on Thursday. Canaccord Genuity Group lowered their price target on Hochschild Mining from GBX 310 ($3.87) to GBX 285 ($3.56) and set a “buy” rating on the stock in a report on Thursday. Finally, Canaccord Genuity Group boosted their price target on Hochschild Mining from GBX 220 ($2.75) to GBX 310 ($3.87) and gave the stock a “buy” rating in a report on Thursday, October 24th.

Hochschild Mining Stock Down 2.3 %

The firm has a market capitalization of £925.00 million, a PE ratio of 3,596.00, a PEG ratio of 0.41 and a beta of 1.08. The company has a fifty day moving average price of GBX 218.12 and a 200-day moving average price of GBX 200.68. 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.