Hochschild Mining (LON:HOC) Trading Down 15.5% – Here’s What Happened

Hochschild Mining plc (LON:HOC)’s share price dropped 15.5% during trading on Thursday . The stock 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 mid-day 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 Ratings Changes

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Hochschild Mining from GBX 310 ($3.82) to GBX 320 ($3.94) and gave the company an “overweight” rating in a research report on Friday, December 6th. Canaccord Genuity Group lifted 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 report 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 report on Wednesday, October 16th.

Hochschild Mining Trading Down 3.4 %

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 has a market cap of £961.01 million, a price-to-earnings ratio of 3,736.00, a P/E/G ratio of 0.41 and a beta of 1.08. The company has a fifty day simple moving average of GBX 218.86 and a 200-day simple 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.