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

Hochschild Mining plc (LON:HOC)’s stock price was down 15.5% during trading on Wednesday . The company traded as low as GBX 186 ($2.32) and last traded at GBX 193.40 ($2.41). Approximately 9,867,523 shares changed hands during mid-day trading, an increase of 268% from the average daily volume of 2,678,564 shares. The stock had previously closed at GBX 229 ($2.86).

Wall Street Analyst Weigh In

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

Hochschild Mining Stock Performance

The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 55.11. The business’s 50 day moving average is GBX 218.12 and its two-hundred day moving average is GBX 200.68. The company has a market cap of £925.00 million, a PE ratio of 3,596.00, a PEG ratio of 0.41 and a beta of 1.08.

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.