Hochschild Mining (LON:HOC) Trading Down 16.7% – Here’s Why

Hochschild Mining plc (LON:HOCGet Free Report)’s share price fell 16.7% on Wednesday . The company traded as low as GBX 187 ($2.31) and last traded at GBX 190.80 ($2.35). 8,611,561 shares were traded during trading, an increase of 232% from the average session volume of 2,594,833 shares. The stock had previously closed at GBX 229 ($2.82).

Analyst Ratings Changes

Several research analysts have recently commented on HOC shares. JPMorgan Chase & Co. boosted their price target on Hochschild Mining from GBX 310 ($3.82) to GBX 320 ($3.95) and gave the stock an “overweight” rating in a research report on Friday, December 6th. Berenberg Bank reiterated a “hold” rating and issued a GBX 200 ($2.47) target price on shares of Hochschild Mining in a report on Wednesday, October 16th. Finally, Canaccord Genuity Group raised their price target on shares of Hochschild Mining from GBX 220 ($2.71) to GBX 310 ($3.82) and gave the company a “buy” rating in a report on Thursday, October 24th.

View Our Latest Research Report on Hochschild Mining

Hochschild Mining Stock Performance

The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 55.11. The company has a market capitalization of £981.59 million, a PE ratio of 3,816.02, a PEG ratio of 0.41 and a beta of 1.08. The business has a 50 day simple moving average of GBX 218.57 and a 200 day simple moving average of GBX 200.34.

Hochschild Mining Company Profile

(Get Free Report)

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.

Further Reading

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