Hochschild Mining (LON:HOC) Stock Falls 7.2% – Here’s Why

Shares of Hochschild Mining plc (LON:HOC) were down 7.2% during mid-day trading on Monday. The company traded as low as GBX 527 and last traded at GBX 529.50. Approximately 1,582,779 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 10,381,654 shares. The stock had previously closed at GBX 570.50.

Wall Street Analyst Weigh In

Several research firms have weighed in on HOC. Berenberg Bank raised their price target on Hochschild Mining from GBX 570 to GBX 800 and gave the stock a “buy” rating in a research report on Friday, August 28th. JPMorgan Chase & Co. upgraded Hochschild Mining to an “overweight” rating and upped their price objective for the company from GBX 820 to GBX 840 in a research report on Thursday, July 23rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 625 price objective on shares of Hochschild Mining in a research note on Wednesday, August 26th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 671.

Hochschild Mining Price Performance

The company’s 50 day simple moving average is GBX 554.41 and its 200 day simple moving average is GBX 570.78. The company has a current ratio of 1.08, a quick ratio of 1.87 and a debt-to-equity ratio of 27.51. The stock has a market capitalization of £2.72 billion, a PE ratio of 9.13, a PEG ratio of 0.41 and a beta of 1.00.

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. The ore at our operations is processed into silver-gold concentrate or dore.

Hochschild Mining plc is listed on the Main Market of the London Stock Exchange and is headquartered in Lima, Peru.