Hochschild Mining (LON:HOC) Stock Price Down 16.2% - What's Next?

Shares of Hochschild Mining plc (LON:HOC - Get Free Report) traded down 16.2% on Wednesday . The company traded as low as GBX 187 ($2.31) and last traded at GBX 191.84 ($2.37). 8,403,153 shares changed hands during mid-day trading, an increase of 226% from the average session volume of 2,580,939 shares. The stock had previously closed at GBX 229 ($2.82).

Wall Street Analyst Weigh In

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

Hochschild Mining Stock Down 15.5 %

The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 55.11. The company has a market cap of £994.97 million, a P/E ratio of 3,868.00, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The company has a fifty day moving average of GBX 218.86 and a 200 day moving average of GBX 200.64.

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.