Hochschild Mining (LON:HOC) Stock Price Down 15.5% After Analyst Downgrade

Hochschild Mining plc (LON:HOCGet Free Report) was down 15.5% during mid-day trading on Thursday after Canaccord Genuity Group lowered their price target on the stock from GBX 310 to GBX 285. Canaccord Genuity Group currently has a buy rating on the stock. Hochschild Mining traded as low as GBX 186 ($2.32) and last traded at GBX 193.40 ($2.41). 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 ($2.86).

A number of other equities research analysts have also issued reports on HOC. Berenberg Bank reiterated a “hold” rating and issued a GBX 200 ($2.50) price objective on shares of Hochschild Mining in a report on Wednesday, October 16th. JPMorgan Chase & Co. raised their price objective on Hochschild Mining from GBX 310 ($3.87) to GBX 320 ($4.00) and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Canaccord Genuity Group upped their target price on Hochschild Mining from GBX 220 ($2.75) to GBX 310 ($3.87) and gave the company a “buy” rating in a research report on Thursday, October 24th.

View Our Latest Stock Report on HOC

Hochschild Mining Stock Performance

The stock’s fifty day moving average is GBX 218.12 and its two-hundred day moving average is GBX 200.68. The firm has a market cap of £925.00 million, a price-to-earnings ratio of 3,596.00, 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

(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.

Featured Stories

Receive News & Ratings for Hochschild Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hochschild Mining and related companies with MarketBeat.com's FREE daily email newsletter.