Hochschild Mining (LON:HOC) Stock Price Down 16.6% – What’s Next?

Shares of Hochschild Mining plc (LON:HOC) traded down 16.6% during mid-day trading on Wednesday . The company traded as low as GBX 186 ($2.29) and last traded at GBX 191 ($2.35). 9,242,887 shares traded hands during trading, an increase of 251% from the average session volume of 2,636,921 shares. The stock had previously closed at GBX 229 ($2.82).

Analysts Set New Price Targets

A number of equities analysts have weighed in on HOC shares. Canaccord Genuity Group upped their price objective on shares of Hochschild Mining from GBX 220 ($2.71) to GBX 310 ($3.82) and gave the stock a “buy” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on Hochschild Mining from GBX 310 ($3.82) to GBX 320 ($3.95) and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Berenberg Bank restated a “hold” rating and issued a GBX 200 ($2.47) target price on shares of Hochschild Mining in a research report on Wednesday, October 16th.

Hochschild Mining Trading Down 15.5 %

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

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.