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

Hochschild Mining plc (LON:HOC)’s share price fell 15.5% on Wednesday . The company 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 Ratings Changes

HOC has been the subject of a number of analyst reports. Canaccord Genuity Group boosted their price objective on Hochschild Mining from GBX 220 ($2.71) to GBX 310 ($3.82) and gave the company a “buy” rating in a research report on Thursday, October 24th. Berenberg Bank reissued a “hold” rating and set a GBX 200 ($2.47) price target on shares of Hochschild Mining in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of 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.

Hochschild Mining Price Performance

The company has a debt-to-equity ratio of 55.11, a quick ratio of 1.87 and a current ratio of 0.89. The firm 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 business has a fifty day moving average of GBX 218.86 and a 200-day moving average of GBX 200.64.

Hochschild Mining Company Profile

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.