Hochschild Mining (LON:HOC) Shares Down 16.7% – What’s Next?

Shares of Hochschild Mining plc (LON:HOC) fell 16.7% on Wednesday . The company traded as low as GBX 187 ($2.31) and last traded at GBX 190.80 ($2.35). 8,611,561 shares were traded during trading, an increase of 232% from the average session volume of 2,594,833 shares. The stock had previously closed at GBX 229 ($2.82).

Wall Street Analyst Weigh In

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

Hochschild Mining Price Performance

The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 55.11. The business has a fifty day simple moving average of GBX 218.57 and a 200 day simple moving average of GBX 200.34. The stock has a market capitalization of £981.59 million, a P/E ratio of 3,816.02, a price-to-earnings-growth 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.