Hochschild Mining (LON:HOC) Stock Price Down 18.7% – Here’s What Happened

Hochschild Mining plc (LON:HOC)’s share price traded down 18.7% during mid-day trading on Tuesday . The company traded as low as GBX 234.80 ($3.18) and last traded at GBX 244.96 ($3.32). 52,349,082 shares traded hands during mid-day trading, an increase of 1,391% from the average session volume of 3,511,717 shares. The stock had previously closed at GBX 301.20 ($4.08).

Analyst Ratings Changes

A number of equities analysts recently commented on HOC shares. Royal Bank of Canada upgraded Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.66) target price for the company in a report on Thursday, March 13th. Berenberg Bank lowered their price objective on Hochschild Mining from GBX 210 ($2.85) to GBX 200 ($2.71) and set a “hold” rating for the company in a research note on Wednesday, March 12th. Finally, Canaccord Genuity Group raised their price target on shares of Hochschild Mining from GBX 285 ($3.86) to GBX 370 ($5.02) and gave the company a “buy” rating in a research report on Thursday, April 17th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Hochschild Mining has a consensus rating of “Moderate Buy” and a consensus price target of GBX 290 ($3.93).

Hochschild Mining Price Performance

The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87. The firm’s 50-day moving average is GBX 281.07 and its two-hundred day moving average is GBX 236.95. The company has a market cap of £1.55 billion, a P/E ratio of 50.89, a PEG ratio of 0.41 and a beta of 1.08.

Insider Activity at Hochschild Mining

In other news, insider Eduardo Landin bought 77,000 shares of the firm’s stock in a transaction on Thursday, April 24th. The stock was acquired at an average cost of GBX 272 ($3.69) per share, with a total value of £209,440 ($283,909.45). 38.71% of the stock is currently owned by insiders.

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.