Hochschild Mining (LON:HOC) Stock Price Down 15.5% – What’s Next?

Shares of Hochschild Mining plc (LON:HOC) were down 15.5% during trading on Wednesday . The stock 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).

Wall Street Analysts Forecast Growth

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

Hochschild Mining Trading Down 2.3 %

The company has a market cap of £925.00 million, a PE ratio of 3,596.00, 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 current ratio of 0.89 and a quick ratio of 1.87. The company has a 50-day moving average of GBX 218.12 and a 200 day moving average of GBX 200.68.

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.