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

Hochschild Mining plc (LON:HOC)’s share price fell 15.5% on Wednesday . The company traded as low as GBX 186 ($2.29) and last traded at GBX 193.40 ($2.38). 9,867,523 shares were traded during trading, an increase of 268% from the average session volume of 2,678,564 shares. The stock had previously closed at GBX 229 ($2.82).

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Canaccord Genuity Group upped their price target on shares of Hochschild Mining from GBX 220 ($2.71) to GBX 310 ($3.82) and gave the stock a “buy” rating in a research note on Thursday, October 24th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 200 ($2.46) target price on shares of Hochschild Mining in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. boosted their price target on Hochschild Mining from GBX 310 ($3.82) to GBX 320 ($3.94) and gave the stock an “overweight” rating in a research note on Friday, December 6th.

Hochschild Mining Trading Down 15.5 %

The firm’s 50 day simple moving average is GBX 218.86 and its 200-day simple moving average is GBX 200.64. The company has a market capitalization of £994.97 million, a PE ratio of 3,868.00, a P/E/G 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.

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.