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

Hochschild Mining plc (LON:HOC) shares fell 16.7% during mid-day trading on Wednesday . The stock traded as low as GBX 187 ($2.31) and last traded at GBX 190.80 ($2.35). 8,611,561 shares changed hands 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

A number of brokerages recently weighed in on HOC. Berenberg Bank reissued a “hold” rating and issued a GBX 200 ($2.47) price objective on shares of Hochschild Mining in a research note on Wednesday, October 16th. 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 company a “buy” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. boosted their price objective 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 note on Friday, December 6th.

Hochschild Mining Stock Down 16.7 %

The firm has a 50-day moving average of GBX 218.57 and a two-hundred day moving average of GBX 200.34. The firm has a market cap of £981.59 million, a price-to-earnings ratio of 3,816.02, a PEG ratio of 0.41 and a beta of 1.08. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 55.11.

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.