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

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 300 ($3.75) price objective on shares of Hochschild Mining in a research note on Thursday. Canaccord Genuity Group decreased their target price on shares of Hochschild Mining from GBX 310 ($3.87) to GBX 285 ($3.56) and set a “buy” rating for the company in a research note on Thursday. 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. Finally, Canaccord Genuity Group upped their price objective 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 report on Thursday, October 24th.

Hochschild Mining Price Performance

The firm has a market cap of £925.00 million, a price-to-earnings ratio of 3,596.00, a P/E/G ratio of 0.41 and a beta of 1.08. The business’s 50-day moving average price is GBX 218.12 and its two-hundred day moving average price is GBX 200.68. The company has a debt-to-equity ratio of 55.11, a current ratio of 0.89 and a quick ratio of 1.87.

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.