Hochschild Mining plc (LON:HOC - Get Free Report) dropped 16.2% on Wednesday . The company traded as low as GBX 186 ($2.29) and last traded at GBX 192 ($2.37). Approximately 9,514,745 shares traded hands during trading, an increase of 258% from the average daily volume of 2,655,045 shares. The stock had previously closed at GBX 229 ($2.82).
Analysts Set New Price Targets
A number of equities research analysts have commented on the company. Berenberg Bank reiterated a "hold" rating and issued a GBX 200 ($2.47) price target on shares of Hochschild Mining in a research note on Wednesday, October 16th. Canaccord Genuity Group raised their price objective on Hochschild Mining from GBX 220 ($2.71) to GBX 310 ($3.82) and gave the company a "buy" rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised their price objective on Hochschild Mining from GBX 310 ($3.82) to GBX 320 ($3.95) and gave the company an "overweight" rating in a report on Friday, December 6th.
Get Our Latest Research Report on Hochschild Mining
Hochschild Mining Trading Down 15.5 %
The stock has a market cap of £994.97 million, a P/E ratio of 3,868.00, a PEG ratio of 0.41 and a beta of 1.08. The business'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 debt-to-equity ratio of 55.11, a current ratio of 0.89 and a quick ratio of 1.87.
About Hochschild Mining
(
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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.
Further Reading
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