Hochschild Mining (LON:HOC) Trading Down 15.5% – What’s Next?

Hochschild Mining plc (LON:HOC) shares dropped 15.5% during trading on Wednesday . The company traded as low as GBX 186 ($2.29) and last traded at GBX 193.40 ($2.38). Approximately 9,867,523 shares changed hands during trading, an increase of 268% from the average daily volume of 2,678,564 shares. The stock had previously closed at GBX 229 ($2.82).

Analyst Ratings Changes

A number of equities research analysts have commented on HOC shares. Berenberg Bank reissued a “hold” rating and issued a GBX 200 ($2.46) price objective on shares of Hochschild Mining in a research report on Wednesday, October 16th. Canaccord Genuity Group boosted their target price on Hochschild Mining from GBX 220 ($2.71) to GBX 310 ($3.82) and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, 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 research report on Friday, December 6th.

Hochschild Mining Price Performance

The company has a market capitalization of £994.97 million, a P/E ratio of 3,868.00, a PEG 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. The business has a 50 day simple moving average of GBX 218.86 and a 200-day simple moving average of GBX 200.64.

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.