Shares of Hochschild Mining plc (LON:HOC - Get Free Report) fell 16.2% during mid-day trading on Wednesday . The company traded as low as GBX 186 ($2.29) and last traded at GBX 192 ($2.37). 9,514,745 shares traded hands during trading, an increase of 258% from the average session volume of 2,655,045 shares. The stock had previously closed at GBX 229 ($2.82).
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on HOC. JPMorgan Chase & Co. raised their price target on Hochschild Mining from GBX 310 ($3.82) to GBX 320 ($3.95) and gave the stock an "overweight" rating in a research note on Friday, December 6th. Canaccord Genuity Group raised their price target on 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. Finally, Berenberg Bank reissued a "hold" rating and set a GBX 200 ($2.47) price target on shares of Hochschild Mining in a research note on Wednesday, October 16th.
Get Our Latest Report on HOC
Hochschild Mining Price Performance
The stock has a fifty day moving average price of GBX 218.86 and a 200-day moving average price of GBX 200.64. The firm 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 debt-to-equity ratio of 55.11, a quick ratio of 1.87 and a current ratio of 0.89.
About Hochschild Mining
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Hochschild Mining, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hochschild Mining wasn't on the list.
While Hochschild Mining currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
