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

Hochschild Mining plc (LON:HOC) shares were down 15.5% on Thursday . The company traded as low as GBX 186 ($2.29) and last traded at GBX 193.40 ($2.38). 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 ($2.82).

Wall Street Analyst Weigh In

HOC has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of Hochschild Mining from GBX 310 ($3.82) to GBX 320 ($3.94) and gave the stock an “overweight” rating in a report on Friday, December 6th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 200 ($2.46) price objective on shares of Hochschild Mining in a research note on Wednesday, October 16th. Finally, Canaccord Genuity Group lifted their target price on Hochschild Mining from GBX 220 ($2.71) to GBX 310 ($3.82) and gave the company a “buy” rating in a research note on Thursday, October 24th.

Hochschild Mining Stock Down 4.2 %

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 market capitalization of £952.78 million, a PE ratio of 3,704.00, a PEG ratio of 0.41 and a beta of 1.08. The company’s 50 day moving average is GBX 218.86 and its two-hundred day moving average is 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.