Hochschild Mining (LON:HOC) Shares Down 15.5% - What's Next?

Hochschild Mining plc (LON:HOC - Get Free Report)'s stock price was down 15.5% on Wednesday . The stock traded as low as GBX 186 ($2.29) and last traded at GBX 193.40 ($2.38). Approximately 9,867,523 shares were traded during mid-day trading, an increase of 268% from the average daily volume of 2,678,564 shares. The stock had previously closed at GBX 229 ($2.82).

Wall Street Analysts Forecast Growth

HOC has been the subject of several recent analyst reports. Berenberg Bank restated a "hold" rating and issued a GBX 200 ($2.46) target price on shares of Hochschild Mining in a research report on Wednesday, October 16th. Canaccord Genuity Group dropped their price objective on Hochschild Mining from GBX 310 ($3.82) to GBX 285 ($3.51) and set a "buy" rating on the stock in a research note on Thursday. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a GBX 300 ($3.69) target price on shares of Hochschild Mining in a research note on Thursday. Finally, Canaccord Genuity Group boosted 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 report on Thursday, October 24th.

Hochschild Mining Price Performance

The company has a market cap of £946.61 million, a price-to-earnings ratio of 3,680.00, 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 business has a 50-day moving average price of GBX 218.44 and a 200 day moving average price of GBX 200.71.

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.