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

Hochschild Mining plc (LON:HOC)’s share price fell 15.5% during mid-day trading on Wednesday . The company traded as low as GBX 186 ($2.29) and last traded at GBX 193.40 ($2.38). 9,854,495 shares traded hands during mid-day trading, an increase of 268% from the average session volume of 2,677,695 shares. The stock had previously closed at GBX 229 ($2.82).

Analysts Set New Price Targets

A number of research analysts have commented on the company. JPMorgan Chase & Co. upped their price target on Hochschild Mining from GBX 310 ($3.82) to GBX 320 ($3.95) and gave the company an “overweight” rating in a research report on Friday, December 6th. Canaccord Genuity Group upped their target price on Hochschild Mining from GBX 220 ($2.71) to GBX 310 ($3.82) and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Berenberg Bank restated a “hold” rating and issued a GBX 200 ($2.47) price objective on shares of Hochschild Mining in a report on Wednesday, October 16th.

Hochschild Mining Stock Down 15.5 %

The company has a 50-day moving average of GBX 218.86 and a two-hundred day moving average of GBX 200.64. The company 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 company has a quick ratio of 1.87, a current ratio of 0.89 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.