Hochschild Mining (LON:HOC) Shares Down 8.6% – What’s Next?

Hochschild Mining plc (LON:HOC) fell 8.6% on Friday . The company traded as low as GBX 601 and last traded at GBX 601.23. 3,060,353 shares were traded during trading, a decline of 54% from the average session volume of 6,654,646 shares. The stock had previously closed at GBX 658.

Analysts Set New Price Targets

A number of analysts have issued reports on HOC shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 750 target price on shares of Hochschild Mining in a research note on Thursday, March 12th. Berenberg Bank reissued a “hold” rating and issued a GBX 590 price objective on shares of Hochschild Mining in a report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Hochschild Mining from GBX 990 to GBX 950 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 586.

Hochschild Mining Stock Down 9.9%

The stock has a market capitalization of £3.05 billion, a price-to-earnings ratio of 15.21, a P/E/G ratio of 0.41 and a beta of 0.99. The business has a 50-day moving average of GBX 633.73 and a 200-day moving average of GBX 565.37. The company has a debt-to-equity ratio of 47.67, a quick ratio of 1.87 and a current ratio of 0.99.

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. 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.