Hochschild Mining (LON:HOC) Shares Down 9.5% – What’s Next?

Hochschild Mining plc (LON:HOC)’s stock price was down 9.5% during mid-day trading on Friday . The company traded as low as GBX 677 and last traded at GBX 678. Approximately 1,497,830 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 6,116,077 shares. The stock had previously closed at GBX 749.50.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on HOC shares. JPMorgan Chase & Co. cut Hochschild Mining to a “neutral” rating and upped their target price for the stock from GBX 600 to GBX 670 in a research note on Monday, January 19th. Berenberg Bank boosted their price target on Hochschild Mining from GBX 430 to GBX 570 and gave the stock a “hold” rating in a report on Thursday, January 22nd. Finally, Canaccord Genuity Group upped their price objective on Hochschild Mining from GBX 490 to GBX 750 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 483.33.

Hochschild Mining Stock Performance

The firm has a market cap of £3.44 billion, a P/E ratio of 23.05, a P/E/G ratio of 0.41 and a beta of 0.80. The company has a debt-to-equity ratio of 49.70, a quick ratio of 1.87 and a current ratio of 0.75. The company’s 50 day moving average is GBX 653.65 and its 200 day moving average is GBX 469.86.

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.