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

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

Analyst Ratings Changes

A number of research firms recently issued reports on HOC. Berenberg Bank reaffirmed a “hold” rating and set a GBX 200 ($2.50) price target on shares of Hochschild Mining in a research note on Wednesday, October 16th. Canaccord Genuity Group upped their price target on shares of Hochschild Mining from GBX 220 ($2.75) to GBX 310 ($3.87) and gave the company a “buy” rating in a research note on Thursday, October 24th. Canaccord Genuity Group cut their price objective 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 report on Thursday. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 300 ($3.75) price objective on shares of Hochschild Mining in a research report on Thursday.

Hochschild Mining Price Performance

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 firm has a market cap of £925.00 million, a P/E ratio of 3,596.00, a PEG ratio of 0.41 and a beta of 1.08. The stock’s 50-day simple moving average is GBX 218.12 and its two-hundred day simple moving average is GBX 200.68.

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.