Hochschild Mining plc (LON:HOC - Get Free Report) shares traded down 14.1% on Wednesday . The stock traded as low as GBX 246.20 ($3.32) and last traded at GBX 263.20 ($3.55). 27,211,451 shares traded hands during trading, an increase of 825% from the average session volume of 2,942,939 shares. The stock had previously closed at GBX 306.40 ($4.13).
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Hochschild Mining from GBX 370 to GBX 390 and gave the company an "overweight" rating in a report on Thursday, July 24th. UBS Group reissued a "buy" rating and set a GBX 300 price objective on shares of Hochschild Mining in a report on Friday, August 15th. Canaccord Genuity Group reissued a "buy" rating and set a GBX 365 price objective on shares of Hochschild Mining in a report on Wednesday. Finally, Berenberg Bank reissued a "hold" rating and set a GBX 300 price objective on shares of Hochschild Mining in a report on Wednesday, July 23rd. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of GBX 322.50.
Check Out Our Latest Stock Analysis on HOC
Hochschild Mining Trading Down 14.1%
The firm has a market capitalization of £1.71 billion, a P/E ratio of 56.14, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The stock's 50-day simple moving average is GBX 279.30 and its two-hundred day simple moving average is GBX 262.43. The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87.
About Hochschild Mining
(
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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.
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