Hochschild Mining (LON:HOC) Stock Price Down 11.6% – What’s Next?

Hochschild Mining plc (LON:HOC) shares fell 11.6% during trading on Wednesday . The stock traded as low as GBX 187 ($2.31) and last traded at GBX 202.50 ($2.50). 7,682,984 shares traded hands during trading, an increase of 203% from the average session volume of 2,532,928 shares. The stock had previously closed at GBX 229 ($2.83).

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on HOC shares. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 300 ($3.71) price target on shares of Hochschild Mining in a report on Thursday. Canaccord Genuity Group cut their target price on shares of Hochschild Mining from GBX 310 ($3.83) to GBX 285 ($3.52) and set a “buy” rating on the stock in a research note on Thursday. Canaccord Genuity Group lifted their price target on shares of Hochschild Mining from GBX 220 ($2.72) to GBX 310 ($3.83) and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 200 ($2.47) price target on shares of Hochschild Mining in a report on Wednesday, October 16th.

Hochschild Mining Stock Performance

The firm has a 50 day moving average of GBX 218.44 and a two-hundred day moving average of GBX 200.71. The company has a debt-to-equity ratio of 55.11, a current ratio of 0.89 and a quick ratio of 1.87. The stock has a market cap of £930.14 million, a PE ratio of 3,616.00, a PEG ratio of 0.41 and a beta of 1.08.

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.