Shares of Hochschild Mining plc (LON:HOC – Get Free Report) dropped 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). Approximately 9,867,523 shares traded hands 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).
Analyst Ratings Changes
A number of research analysts have recently weighed in on HOC shares. Canaccord Genuity Group lifted their price target 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. JPMorgan Chase & Co. lifted their target price on shares of Hochschild Mining from GBX 310 ($3.82) to GBX 320 ($3.94) and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Berenberg Bank restated a “hold” rating and set a GBX 200 ($2.46) price target on shares of Hochschild Mining in a research note on Wednesday, October 16th.
Check Out Our Latest Analysis on Hochschild Mining
Hochschild Mining Stock Performance
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.
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