Hochschild Mining (LON:HOC) Stock Price Down 4.6% – What’s Next?

Hochschild Mining plc (LON:HOC) shares dropped 4.6% on Thursday. The stock traded as low as GBX 442.60 and last traded at GBX 450.20. Approximately 999,327 shares traded hands during trading, a decline of 91% from the average daily volume of 10,606,525 shares. The stock had previously closed at GBX 472.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HOC shares. Jefferies Financial Group restated a “buy” rating and set a GBX 700 price objective on shares of Hochschild Mining in a report on Wednesday, October 21st. Berenberg Bank dropped their target price on shares of Hochschild Mining from GBX 800 to GBX 790 and set a “buy” rating on the stock in a research note on Thursday, October 22nd. Finally, JPMorgan Chase & Co. upgraded shares of Hochschild Mining to an “overweight” rating and boosted their target price for the company from GBX 820 to GBX 840 in a research note on Thursday, July 23rd. Four analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 770.

Hochschild Mining Trading Down 4.6%

The stock has a market cap of £2.32 billion, a PE ratio of 7.76, a P/E/G ratio of 0.41 and a beta of 1.01. The firm has a 50-day simple moving average of GBX 527.61 and a 200-day simple moving average of GBX 577.98. The company has a quick ratio of 1.87, a current ratio of 1.08 and a debt-to-equity ratio of 27.51.

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.