Hochschild Mining (LON:HOC) Trading Down 15.5% - Here's What Happened

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HOC. Canaccord Genuity Group increased their price target 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. Berenberg Bank reiterated a "hold" rating and set a GBX 200 ($2.47) target price on shares of Hochschild Mining in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. lifted their price target 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 Stock Down 15.5 %

The stock 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 stock's 50-day moving average is GBX 218.86 and its 200-day moving average is GBX 200.64. The company has a current ratio of 0.89, a quick ratio of 1.87 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.

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