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

Hochschild Mining plc (LON:HOC)’s share price fell 15.5% during mid-day trading on Wednesday . The stock 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

Several brokerages have recently issued reports on HOC. Berenberg Bank restated a “hold” rating and issued a GBX 200 ($2.46) price objective on shares of Hochschild Mining in a research note on Wednesday, October 16th. JPMorgan Chase & Co. raised their price objective on shares of Hochschild Mining from GBX 310 ($3.82) to GBX 320 ($3.94) and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, 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 stock a “buy” rating in a research note on Thursday, October 24th.

Hochschild Mining Price Performance

The stock has a market cap 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 current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 55.11. The company’s fifty day simple moving average is GBX 218.86 and its 200-day simple moving average is 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.