Hochschild Mining (LON:HOC) Stock Price Down 14.2% - Here's What Happened

Key Points

• Hochschild Mining's stock price plummeted by 14.2% to GBX 362.20 ($4.84) during recent trading, with nearly 4 million shares exchanged, significantly above the average volume.
• Several research firms rated the stock, with Canaccord Genuity raising its target price to GBX 465 and maintaining a "buy" rating, while JPMorgan Chase lowered its price target from GBX 390 to GBX 370.
• Despite the recent decline, the stock has an average rating of "Moderate Buy" and an overall market capitalization of £1.86 billion, indicating ongoing interest from analysts.

Hochschild Mining plc (LON:HOC - Get Free Report) shares fell 14.2% during trading on Tuesday . The stock traded as low as GBX 360 ($4.81) and last traded at GBX 362.20 ($4.84). 3,985,027 shares changed hands during mid-day trading, an increase of 25% from the average session volume of 3,198,544 shares. The stock had previously closed at GBX 422 ($5.64).

Wall Street Analyst Weigh In

Several research firms recently commented on HOC. Canaccord Genuity Group raised their target price on Hochschild Mining from GBX 350 to GBX 465 and gave the company a "buy" rating in a research report on Monday, October 13th. Berenberg Bank raised their target price on Hochschild Mining from GBX 280 to GBX 380 and gave the company a "hold" rating in a research report on Tuesday, October 7th. UBS Group restated a "buy" rating and issued a GBX 300 target price on shares of Hochschild Mining in a research report on Friday, August 15th. Peel Hunt restated a "buy" rating and issued a GBX 340 target price on shares of Hochschild Mining in a research report on Tuesday, October 7th. Finally, JPMorgan Chase & Co. lowered 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 equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of GBX 347.86.

Hochschild Mining Trading Down 14.2%

The company has a market capitalization of £1.86 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 0.41 and a beta of 1.08. The firm has a 50-day moving average price of GBX 338.60 and a 200-day moving average price of GBX 298.36. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86.

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.

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