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

Hochschild Mining plc (LON:HOC - Get Free Report)'s share price was down 15.5% during mid-day trading on Thursday . The company traded as low as GBX 186 ($2.29) and last traded at GBX 193.40 ($2.38). Approximately 9,867,523 shares traded hands 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 Analyst Weigh In

A number of brokerages have commented on HOC. JPMorgan Chase & Co. reissued an "overweight" rating and set a GBX 300 ($3.69) price objective on shares of Hochschild Mining in a report on Thursday. Berenberg Bank reissued a "hold" rating and issued a GBX 200 ($2.46) price target on shares of Hochschild Mining in a report on Wednesday, October 16th. Canaccord Genuity Group decreased 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 report on Thursday. Finally, Canaccord Genuity Group raised 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.

Hochschild Mining Price Performance

The stock 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 50 day simple moving average of GBX 218.44 and a 200-day simple moving average of GBX 200.71. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 55.11.

About Hochschild Mining

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.