Hochschild Mining (LON:HOC) Shares Down 16.7% – Here’s Why

Hochschild Mining plc (LON:HOC)’s stock price traded down 16.7% on Wednesday . The stock traded as low as GBX 187 ($2.31) and last traded at GBX 190.80 ($2.36). 8,611,561 shares traded hands during trading, an increase of 232% from the average session volume of 2,594,833 shares. The stock had previously closed at GBX 229 ($2.83).

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HOC shares. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 300 ($3.71) price target on shares of Hochschild Mining in a research report on Thursday. Canaccord Genuity Group decreased 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 research note on Thursday. Berenberg Bank reiterated a “hold” rating and set a GBX 200 ($2.47) price objective on shares of Hochschild Mining in a report on Wednesday, October 16th. Finally, Canaccord Genuity Group boosted their target price 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.

Hochschild Mining Stock Down 1.4 %

The firm has a market cap of £933.76 million, a P/E ratio of 3,630.06, a P/E/G ratio of 0.41 and a beta of 1.08. The business’s fifty day moving average price is GBX 218.44 and its two-hundred day moving average price is GBX 200.71. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 55.11.

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.