Hochschild Mining (LON:HOC) Stock Price Down 13.9% - Here's What Happened

Key Points

• Hochschild Mining's stock price fell by 13.9% to GBX 363.20 ($4.87) during mid-day trading, with a significant volume increase of 53% over its average daily trading volume.
• Multiple analysts have adjusted their target prices for Hochschild Mining, with ranges from GBX 280 to GBX 465, and a consensus rating of "Moderate Buy".
• The company holds a market capitalization of £1.86 billion and has a debt-to-equity ratio of 61.86, indicating a relatively high level of debt compared to equity.

Hochschild Mining plc (LON:HOC - Get Free Report)'s share price dropped 13.9% during mid-day trading on Tuesday . The stock traded as low as GBX 360 ($4.83) and last traded at GBX 363.20 ($4.87). Approximately 4,908,032 shares were traded during mid-day trading, an increase of 53% from the average daily volume of 3,203,068 shares. The stock had previously closed at GBX 422 ($5.66).

Analysts Set New Price Targets

HOC has been the subject of a number of research reports. UBS Group reiterated a "buy" rating and set a GBX 300 target price on shares of Hochschild Mining in a research note on Friday, August 15th. Canaccord Genuity Group lifted their price objective on Hochschild Mining from GBX 350 to GBX 465 and gave the stock a "buy" rating in a research note on Monday, October 13th. Peel Hunt reiterated a "buy" rating and set a GBX 340 price target on shares of Hochschild Mining in a report on Tuesday, October 7th. Berenberg Bank increased their price target on Hochschild Mining from GBX 280 to GBX 380 and gave the stock a "hold" rating in a research report on Tuesday, October 7th. Finally, JPMorgan Chase & Co. cut their target price on Hochschild Mining from GBX 390 to GBX 370 and set an "overweight" rating on the stock in a research report on Thursday, August 28th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of GBX 347.86.

Hochschild Mining Trading Down 14.2%

The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87. The firm has a market capitalization of £1.86 billion, a price-to-earnings ratio of 12.49, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The business's 50 day moving average price is GBX 337.38 and its 200-day moving average price is GBX 297.91.

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.

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