Hochschild Mining (LON:HOC) Stock Price Down 11.6% – Here’s Why

Hochschild Mining plc (LON:HOC)’s share price was down 11.6% during trading on Wednesday . The company traded as low as GBX 187 ($2.31) and last traded at GBX 202.50 ($2.50). Approximately 7,682,984 shares traded hands during mid-day trading, an increase of 203% from the average daily volume of 2,532,928 shares. The stock had previously closed at GBX 229 ($2.83).

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Canaccord Genuity Group increased their price target 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 note on Thursday, October 24th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 300 ($3.71) target price on shares of Hochschild Mining in a research note on Thursday. Canaccord Genuity Group dropped 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 report on Thursday. Finally, Berenberg Bank reaffirmed 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 1.7 %

The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 55.11. The company’s fifty day moving average price is GBX 218.44 and its two-hundred day moving average price is GBX 200.71. The firm has a market cap of £930.14 million, a PE ratio of 3,616.00, a P/E/G ratio of 0.41 and a beta of 1.08.

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.