Hochschild Mining (LON:HOC) Shares Down 16.7% – Here’s What Happened

Hochschild Mining plc (LON:HOC)’s stock price traded down 16.7% during mid-day trading on Wednesday . The company traded as low as GBX 188.62 ($2.33) and last traded at GBX 190.79 ($2.36). 4,704,393 shares were traded during mid-day trading, an increase of 102% from the average session volume of 2,334,355 shares. The stock had previously closed at GBX 229 ($2.83).

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Canaccord Genuity Group upped their target price 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. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 300 ($3.71) price objective on shares of Hochschild Mining in a report on Thursday. Berenberg Bank reaffirmed a “hold” rating and set a GBX 200 ($2.47) price objective on shares of Hochschild Mining in a research report on Wednesday, October 16th. Finally, Canaccord Genuity Group dropped their target price on Hochschild Mining from GBX 310 ($3.83) to GBX 285 ($3.52) and set a “buy” rating on the stock in a report on Thursday.

Hochschild Mining Stock Down 1.1 %

The firm’s 50-day moving average price is GBX 218.44 and its two-hundred day moving average price is GBX 200.71. 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 cap of £936.32 million, a PE ratio of 3,640.00, a P/E/G ratio of 0.41 and a beta of 1.08.

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.