Hochschild Mining (LON:HOC) Stock Price Down 11.6% - Here's What Happened

Hochschild Mining plc (LON:HOC - Get Free Report)'s share price dropped 11.6% on Wednesday . The stock traded as low as GBX 187 ($2.31) and last traded at GBX 202.50 ($2.50). Approximately 7,682,984 shares changed hands during mid-day trading, an increase of 203% from the average daily volume of 2,532,928 shares. The stock had previously closed at GBX 229 ($2.82).

Analyst Ratings Changes

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. upped their target price 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. Berenberg Bank restated a "hold" rating and set a GBX 200 ($2.47) target price on shares of Hochschild Mining in a research report on Wednesday, October 16th. Finally, Canaccord Genuity Group upped 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.

Hochschild Mining Stock Down 15.5 %

The company has a market capitalization of £994.97 million, a PE ratio of 3,868.00, a P/E/G 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 firm has a 50 day simple moving average of GBX 218.86 and a two-hundred 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.