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

Hochschild Mining plc (LON:HOC)’s stock price was down 15.5% during mid-day 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 Upgrades and Downgrades

Several equities research analysts recently commented on HOC shares. JPMorgan Chase & Co. boosted their price target on shares of Hochschild Mining from GBX 310 ($3.82) to GBX 320 ($3.94) and gave the stock an “overweight” rating in a report on Friday, December 6th. Canaccord Genuity Group boosted their target price 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 note on Thursday, October 24th. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 200 ($2.46) price target on shares of Hochschild Mining in a research note on Wednesday, October 16th.

Hochschild Mining Stock Performance

The firm’s 50 day simple moving average is GBX 218.86 and its 200-day simple moving average is GBX 200.64. The company has a market cap of £994.97 million, a price-to-earnings ratio of 3,868.00, a PEG ratio of 0.41 and a beta of 1.08. The company has a debt-to-equity ratio of 55.11, a quick ratio of 1.87 and a current ratio of 0.89.

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.