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

Hochschild Mining plc (LON:HOC) 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 traded hands during mid-day 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).

Wall Street Analyst Weigh In

HOC has been the topic of several research analyst reports. Berenberg Bank restated a “hold” rating and set a GBX 200 ($2.46) price objective on shares of Hochschild Mining in a research note on Wednesday, October 16th. JPMorgan Chase & Co. lifted their price target on shares of Hochschild Mining from GBX 310 ($3.82) to GBX 320 ($3.94) and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, Canaccord Genuity Group boosted their price objective 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.

Hochschild Mining Stock 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 stock has a 50 day moving average of GBX 218.86 and a 200 day moving average of GBX 200.64. The stock has a market capitalization of £994.97 million, a P/E ratio of 3,868.00, a P/E/G 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.