Hochschild Mining (LON:HOC) Shares Down 14.2% – Here’s Why

Hochschild Mining plc (LON:HOC) shares traded down 14.2% during mid-day trading on Wednesday . The company traded as low as GBX 360 ($4.81) and last traded at GBX 362.20 ($4.84). 3,985,027 shares were traded during mid-day trading, an increase of 25% from the average session volume of 3,198,544 shares. The stock had previously closed at GBX 422 ($5.64).

Analyst Ratings Changes

Several research firms have commented on HOC. JPMorgan Chase & Co. lowered their target price on shares of Hochschild Mining from GBX 390 to GBX 370 and set an “overweight” rating on the stock in a research note on Thursday, August 28th. Berenberg Bank raised their price objective on shares of Hochschild Mining from GBX 280 to GBX 380 and gave the company a “hold” rating in a research note on Tuesday, October 7th. UBS Group reissued a “buy” rating and set a GBX 300 target price on shares of Hochschild Mining in a report on Friday, August 15th. Peel Hunt restated a “buy” rating and issued a GBX 340 target price on shares of Hochschild Mining in a research report on Tuesday, October 7th. Finally, Canaccord Genuity Group increased their price target on Hochschild Mining from GBX 350 to GBX 465 and gave the company a “buy” rating in a research note on Monday, October 13th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 347.86.

Hochschild Mining Trading Down 0.3%

The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86. The stock has a market cap of £1.86 billion, a price-to-earnings ratio of 12.45, a P/E/G ratio of 0.41 and a beta of 1.08. The company has a fifty day simple moving average of GBX 338.60 and a 200-day simple moving average of GBX 298.36.

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.