Hochschild Mining (LON:HOC) Shares Down 11.6% - What's Next?

Shares of Hochschild Mining plc (LON:HOC - Get Free Report) were down 11.6% during mid-day trading on Wednesday . The company traded as low as GBX 187 ($2.33) and last traded at GBX 202.50 ($2.53). Approximately 7,682,984 shares changed hands during trading, an increase of 203% from the average daily volume of 2,532,928 shares. The stock had previously closed at GBX 229 ($2.86).

Analyst Upgrades and Downgrades

Several brokerages have commented on HOC. JPMorgan Chase & Co. restated an "overweight" rating and issued a GBX 300 ($3.75) price objective on shares of Hochschild Mining in a report on Thursday. Canaccord Genuity Group cut their price target on shares of Hochschild Mining from GBX 310 ($3.87) to GBX 285 ($3.56) and set a "buy" rating on the stock in a report on Thursday. Berenberg Bank reiterated a "hold" rating and issued a GBX 200 ($2.50) price target on shares of Hochschild Mining in a report on Wednesday, October 16th. Finally, Canaccord Genuity Group raised their target price on Hochschild Mining from GBX 220 ($2.75) to GBX 310 ($3.87) and gave the company a "buy" rating in a report on Thursday, October 24th.

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 company's 50 day moving average is GBX 218.12 and its 200-day moving average is GBX 200.68. The stock has a market cap of £925.00 million, a PE ratio of 3,596.00, a P/E/G ratio of 0.41 and a beta of 1.08.

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.