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

Hochschild Mining plc (LON:HOC)’s stock price dropped 15.5% during trading 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 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).

Wall Street Analyst Weigh In

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

Hochschild Mining Stock Down 2.3 %

The firm’s 50 day simple moving average is GBX 218.12 and its 200-day simple moving average is GBX 200.68. The company 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 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.