Hochschild Mining (LON:HOC) Stock Price Down 15.5% – Here’s Why

Shares of Hochschild Mining plc (LON:HOC) were down 15.5% during trading on Wednesday . The stock traded as low as GBX 186 ($2.29) and last traded at GBX 193.40 ($2.38). Approximately 9,867,523 shares changed hands during 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).

Analyst Upgrades and Downgrades

Several analysts recently commented on HOC shares. JPMorgan Chase & Co. increased their price objective on shares of 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. 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. Finally, Canaccord Genuity Group boosted their price objective on shares of 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 Stock Down 15.5 %

The company’s 50 day moving average price is GBX 218.86 and its two-hundred day moving average price 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. 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.

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.