Hochschild Mining (LON:HOC) Stock Price Down 14.8% – What’s Next?

Hochschild Mining plc (LON:HOC)’s stock price was down 14.8% during trading on Wednesday . The company traded as low as GBX 187 ($2.31) and last traded at GBX 195.20 ($2.41). Approximately 5,980,373 shares changed hands during trading, an increase of 147% from the average daily volume of 2,419,421 shares. The stock had previously closed at GBX 229 ($2.82).

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on HOC shares. Berenberg Bank reaffirmed a “hold” rating and set a GBX 200 ($2.47) price target on shares of Hochschild Mining in a research note on Wednesday, October 16th. Canaccord Genuity Group upped their target price on Hochschild Mining from GBX 220 ($2.71) to GBX 310 ($3.82) and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised 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.

Hochschild Mining Trading Down 14.2 %

The stock has a market capitalization of £1.01 billion, a P/E ratio of 3,928.00, a P/E/G ratio of 0.41 and a beta of 1.08. The stock’s 50 day moving average price is GBX 218.57 and its 200-day moving average price is GBX 200.34. The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 55.11.

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.