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

Hochschild Mining plc (LON:HOC)’s stock price traded down 15.5% during mid-day trading on Wednesday . The company traded as low as GBX 186 ($2.32) and last traded at GBX 193.40 ($2.41). 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 ($2.86).

Analyst Ratings Changes

A number of brokerages have weighed in on HOC. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 300 ($3.75) price target on shares of Hochschild Mining in a research report on Thursday. Berenberg Bank reiterated a “hold” rating and issued a GBX 200 ($2.50) price target on shares of Hochschild Mining in a report on Wednesday, October 16th. Canaccord Genuity Group reduced their price objective on Hochschild Mining from GBX 310 ($3.87) to GBX 285 ($3.56) and set a “buy” rating on the stock in a research note on Thursday. Finally, Canaccord Genuity Group raised their target price on Hochschild Mining from GBX 220 ($2.75) to GBX 310 ($3.87) and gave the company a “buy” rating in a report on Thursday, October 24th.

Hochschild Mining Stock Down 2.3 %

The stock has a market capitalization of £925.00 million, a price-to-earnings ratio of 3,596.00, a PEG 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. The firm’s fifty day moving average is GBX 218.12 and its 200-day moving average is GBX 200.68.

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.