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

Shares of Hochschild Mining plc (LON:HOC) traded down 15.5% during trading on Wednesday . The stock traded as low as GBX 186 ($2.29) and last traded at GBX 193.40 ($2.38). 9,867,523 shares were traded 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).

Analyst Upgrades and Downgrades

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

Hochschild Mining Stock Down 15.5 %

The company has a market capitalization of £994.97 million, a P/E ratio of 3,868.00, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 55.11. The stock’s fifty day moving average is GBX 218.86 and its 200 day moving average is 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.