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

Hochschild Mining plc (LON:HOC - Get Free Report)'s share price traded down 15.5% during trading on Thursday . The stock traded as low as GBX 186 ($2.30) and last traded at GBX 193.40 ($2.39). 9,867,523 shares traded hands during mid-day trading, an increase of 268% from the average session volume of 2,678,564 shares. The stock had previously closed at GBX 229 ($2.83).

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Canaccord Genuity Group raised their target price on shares of Hochschild Mining from GBX 220 ($2.72) to GBX 310 ($3.83) and gave the company a "buy" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. reissued an "overweight" rating and set a GBX 300 ($3.71) price objective on shares of Hochschild Mining in a research note on Thursday. Canaccord Genuity Group cut their price objective on Hochschild Mining from GBX 310 ($3.83) to GBX 285 ($3.52) and set a "buy" rating for the company in a research report on Thursday. Finally, Berenberg Bank reiterated a "hold" rating and set a GBX 200 ($2.47) target price on shares of Hochschild Mining in a report on Wednesday, October 16th.

Hochschild Mining Trading Down 4.9 %

The business's fifty day moving average price is GBX 218.44 and its 200 day moving average price is GBX 200.71. 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 firm has a market capitalization of £946.61 million, a PE ratio of 3,680.00, a P/E/G ratio of 0.41 and a beta of 1.08.

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.