Hochschild Mining (LON:HOC) Shares Down 16.2% – What’s Next?

Hochschild Mining plc (LON:HOC)’s stock price dropped 16.2% during trading on Wednesday . The stock traded as low as GBX 186 ($2.32) and last traded at GBX 192 ($2.40). Approximately 9,514,745 shares traded hands during trading, an increase of 258% from the average daily volume of 2,655,045 shares. The stock had previously closed at GBX 229 ($2.86).

Wall Street Analyst Weigh In

HOC has been the topic of several research reports. Berenberg Bank restated a “hold” rating and issued a GBX 200 ($2.50) target price on shares of Hochschild Mining in a research report on Wednesday, October 16th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 300 ($3.75) target price on shares of Hochschild Mining in a research note on Thursday. Canaccord Genuity Group reduced their target price on shares of Hochschild Mining from GBX 310 ($3.87) to GBX 285 ($3.56) and set a “buy” rating for the company in a research report on Thursday. Finally, Canaccord Genuity Group boosted their price target on shares of Hochschild Mining from GBX 220 ($2.75) to GBX 310 ($3.87) and gave the stock a “buy” rating in a research report on Thursday, October 24th.

Hochschild Mining Stock Performance

The firm has a fifty day moving average price of GBX 218.12 and a 200 day moving average price of GBX 200.68. 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 firm has a market cap of £925.00 million, a PE ratio of 3,596.00, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08.

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.