Hochschild Mining (LON:HOC) Trading Down 15.5% – Here’s Why

Shares of Hochschild Mining plc (LON:HOC) 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).

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on HOC shares. Berenberg Bank reissued a “hold” rating and issued a GBX 200 ($2.50) price objective on shares of Hochschild Mining in a report on Wednesday, October 16th. Canaccord Genuity Group decreased their price objective 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 report on Thursday. Canaccord Genuity Group upped their target price on shares of Hochschild Mining from GBX 220 ($2.75) to GBX 310 ($3.87) and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 300 ($3.75) price target on shares of Hochschild Mining in a research report on Thursday.

Hochschild Mining Stock Performance

The stock has a market capitalization 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 company’s fifty day simple moving average is GBX 218.12 and its 200 day simple moving average is GBX 200.68. The company has a quick ratio of 1.87, a current ratio of 0.89 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.