Hochschild Mining (LON:HOC) Trading Down 15.5% – Here’s Why

Hochschild Mining plc (LON:HOC)’s share price was down 15.5% during trading on Wednesday . The stock traded as low as GBX 186 ($2.29) and last traded at GBX 193.40 ($2.38). Approximately 9,854,495 shares changed hands during trading, an increase of 268% from the average daily volume of 2,677,695 shares. The stock had previously closed at GBX 229 ($2.82).

Analysts Set New Price Targets

HOC has been the subject of a number of research analyst reports. Berenberg Bank restated a “hold” rating and set a GBX 200 ($2.47) price objective on shares of Hochschild Mining in a report on Wednesday, October 16th. JPMorgan Chase & Co. upped 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 report on Friday, December 6th. Finally, Canaccord Genuity Group lifted their price objective 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.

Hochschild Mining Stock Performance

The stock has a market capitalization of £994.97 million, a P/E ratio of 3,868.00, a PEG ratio of 0.41 and a beta of 1.08. 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 has a 50-day moving average price of GBX 218.86 and a two-hundred day moving average price of GBX 200.64.

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.