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

Hochschild Mining plc (LON:HOCGet Free Report) traded down 16.7% during trading on Wednesday . The stock traded as low as GBX 188.62 ($2.33) and last traded at GBX 190.79 ($2.36). 4,704,393 shares traded hands during mid-day trading, an increase of 102% from the average session volume of 2,334,355 shares. The stock had previously closed at GBX 229 ($2.83).

Analyst Ratings Changes

A number of equities analysts have recently commented on HOC shares. Canaccord Genuity Group cut their target price on shares of Hochschild Mining from GBX 310 ($3.83) to GBX 285 ($3.52) and set a “buy” rating on the stock in a research note on Thursday. Canaccord Genuity Group raised 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 report on Thursday, October 24th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 200 ($2.47) price objective on shares of Hochschild Mining in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 300 ($3.71) target price on shares of Hochschild Mining in a research report on Thursday.

View Our Latest Research Report on Hochschild Mining

Hochschild Mining Stock Down 1.1 %

The firm has a fifty day simple moving average of GBX 218.44 and a 200-day simple moving average of GBX 200.71. The company has a market capitalization of £936.32 million, a PE ratio of 3,640.00, a P/E/G ratio of 0.41 and a beta of 1.08. The company has a debt-to-equity ratio of 55.11, a quick ratio of 1.87 and a current ratio of 0.89.

About Hochschild Mining

(Get Free Report)

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.

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