Hochschild Mining (LON:HOC) Shares Down 12.5% – Here’s What Happened

Hochschild Mining plc (LON:HOC)’s share price was down 12.5% during mid-day trading on Wednesday . The stock traded as low as GBX 187 ($2.31) and last traded at GBX 200.36 ($2.47). Approximately 7,124,797 shares traded hands during trading, an increase of 185% from the average daily volume of 2,495,716 shares. The stock had previously closed at GBX 229 ($2.83).

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Canaccord Genuity Group upped their price objective on shares of Hochschild Mining from GBX 220 ($2.72) to GBX 310 ($3.83) and gave the stock a “buy” rating in a research report on Thursday, October 24th. Canaccord Genuity Group decreased their price target on Hochschild Mining from GBX 310 ($3.83) to GBX 285 ($3.52) and set a “buy” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 300 ($3.71) target price on shares of Hochschild Mining in a report on Thursday. Finally, Berenberg Bank restated a “hold” rating and set a GBX 200 ($2.47) price objective on shares of Hochschild Mining in a research note on Wednesday, October 16th.

Hochschild Mining Trading Down 1.1 %

The company has a market cap of £936.32 million, a price-to-earnings ratio of 3,640.00, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The company’s 50 day moving average price is GBX 218.44 and its 200 day moving average price is GBX 200.71. The company has a debt-to-equity ratio of 55.11, a quick ratio of 1.87 and a current ratio of 0.89.

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.