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

Hochschild Mining plc (LON:HOC) shares dropped 16.7% on Wednesday . The stock traded as low as GBX 188.62 ($2.33) and last traded at GBX 190.79 ($2.35). Approximately 4,704,393 shares were traded during trading, an increase of 102% from the average daily volume of 2,334,355 shares. The stock had previously closed at GBX 229 ($2.82).

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Berenberg Bank reiterated a “hold” rating and set a GBX 200 ($2.47) target price on shares of Hochschild Mining in a report on Wednesday, October 16th. 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 note on Thursday, October 24th. Finally, JPMorgan Chase & Co. boosted their target price 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 Stock Down 14.2 %

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

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.