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

Key Points

• Hochschild Mining's shares dropped 14.2% on Tuesday, trading as low as GBX 360 ($4.81) after closing at GBX 422 ($5.64) the previous day.
• Equities research analysts have mixed views on the stock, with six buy ratings and one hold rating, while target prices vary between GBX 280 and GBX 465.
• The company has a market cap of £1.86 billion and currently operates three underground mines focused on high-grade silver and gold deposits in the Americas.

Shares of Hochschild Mining plc (LON:HOC - Get Free Report) traded down 14.2% on Tuesday . The company traded as low as GBX 360 ($4.81) and last traded at GBX 362.20 ($4.84). 3,985,027 shares changed hands during 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 Analysts Forecast Growth

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

Hochschild Mining Price Performance

The company has a market cap 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 company has a fifty day moving average price of GBX 338.60 and a two-hundred 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.

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.

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