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

Hochschild Mining plc (LON:HOC)’s share price traded down 15.5% 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 changed hands during 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).

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HOC shares. Canaccord Genuity Group lifted their price objective on shares of Hochschild Mining from GBX 220 ($2.71) to GBX 310 ($3.82) and gave the company a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. lifted their price target on shares of 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 reissued a “hold” rating and issued a GBX 200 ($2.47) price objective on shares of Hochschild Mining in a research report on Wednesday, October 16th.

Hochschild Mining Stock Performance

The company has a debt-to-equity ratio of 55.11, a current ratio of 0.89 and a quick ratio of 1.87. The stock has a fifty day moving average price of GBX 218.86 and a two-hundred day moving average price of GBX 200.64. The company has a market cap of £994.97 million, a P/E ratio of 3,868.00, a PEG ratio of 0.41 and a beta of 1.08.

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.