Hochschild Mining (LON:HOC) Stock Price Down 16.7% – What’s Next?

Hochschild Mining plc (LON:HOC)’s share price was down 16.7% during mid-day trading on Wednesday . The stock traded as low as GBX 187 ($2.31) and last traded at GBX 190.80 ($2.35). Approximately 8,611,561 shares traded hands during mid-day trading, an increase of 232% from the average daily volume of 2,594,833 shares. The stock had previously closed at GBX 229 ($2.82).

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on HOC shares. Canaccord Genuity Group increased their price objective on 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. Berenberg Bank reiterated a “hold” rating and issued a GBX 200 ($2.47) price target on shares of Hochschild Mining in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. increased their price objective on Hochschild Mining from GBX 310 ($3.82) to GBX 320 ($3.95) and gave the stock an “overweight” rating in a research note on Friday, December 6th.

Hochschild Mining Trading Down 16.7 %

The company has a 50 day moving average of GBX 218.57 and a 200 day moving average of GBX 200.34. The firm has a market cap of £981.59 million, a P/E ratio of 3,816.02, a PEG 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

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.