Hochschild Mining (LON:HOC) Trading Down 12.5% - Here's What Happened

Hochschild Mining plc (LON:HOC - Get Free Report) shares traded down 12.5% during mid-day trading on Wednesday . The stock traded as low as GBX 187 ($2.31) and last traded at GBX 200.36 ($2.47). 7,124,797 shares traded hands during trading, an increase of 185% from the average session volume of 2,495,716 shares. The stock had previously closed at GBX 229 ($2.82).

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Berenberg Bank reiterated a "hold" rating and set a GBX 200 ($2.47) price objective on shares of Hochschild Mining in a research note on Wednesday, October 16th. Canaccord Genuity Group boosted their price objective 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of 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.

Hochschild Mining Trading 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 firm's 50 day simple moving average is GBX 218.86 and its 200-day simple moving average is GBX 200.64. The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 55.11.

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.