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

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

Analyst Ratings Changes

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

Hochschild Mining Trading Down 4.6%

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

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.