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

Hochschild Mining plc (LON:HOC)’s stock price traded down 15.5% during trading 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 mid-day 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 have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Hochschild Mining from GBX 310 ($3.82) to GBX 320 ($3.95) and gave the company an “overweight” rating in a report on Friday, December 6th. Berenberg Bank restated a “hold” rating and issued a GBX 200 ($2.47) price target on shares of Hochschild Mining in a research note on Wednesday, October 16th. Finally, Canaccord Genuity Group raised 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 report on Thursday, October 24th.

Hochschild Mining Price Performance

The firm has a market cap of £994.97 million, a PE ratio of 3,868.00, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The company has a 50 day moving average price of GBX 218.86 and a 200 day moving average price of GBX 200.64. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 55.11.

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.