Hochschild Mining (LON:HOC) Stock Price Down 16.2% – Here’s Why

Hochschild Mining plc (LON:HOC)’s share price dropped 16.2% during mid-day trading on Wednesday . The company traded as low as GBX 187 ($2.31) and last traded at GBX 191.84 ($2.37). Approximately 8,403,153 shares changed hands during mid-day trading, an increase of 226% from the average daily volume of 2,580,939 shares. The stock had previously closed at GBX 229 ($2.82).

Analyst Upgrades and Downgrades

HOC has been the subject of a number of recent research reports. Canaccord Genuity Group boosted their target price on shares of Hochschild Mining from GBX 220 ($2.71) to GBX 310 ($3.82) and gave the company a “buy” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. boosted their price target on Hochschild Mining from GBX 310 ($3.82) to GBX 320 ($3.95) and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 200 ($2.47) price target on shares of Hochschild Mining in a research note on Wednesday, October 16th.

Hochschild Mining Price Performance

The stock has a market capitalization of £985.71 million, a P/E ratio of 3,832.00, a PEG ratio of 0.41 and a beta of 1.08. The business has a fifty day simple moving average of GBX 218.57 and a 200-day simple moving average of GBX 200.34. 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

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.