Hochschild Mining (LON:HOC) Trading Down 22.9% - What's Next?

Shares of Hochschild Mining plc (LON:HOC - Get Free Report) were down 22.9% during trading on Tuesday . The stock traded as low as GBX 231 ($3.13) and last traded at GBX 232.20 ($3.15). Approximately 6,865,773 shares changed hands during trading, an increase of 122% from the average daily volume of 3,098,233 shares. The stock had previously closed at GBX 301.20 ($4.08).

Analysts Set New Price Targets

Several analysts have recently commented on HOC shares. Canaccord Genuity Group raised their price objective on shares of Hochschild Mining from GBX 285 ($3.86) to GBX 370 ($5.02) and gave the stock a "buy" rating in a research report on Thursday, April 17th. Royal Bank of Canada upgraded Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.66) price objective on the stock in a research note on Thursday, March 13th. Finally, Berenberg Bank decreased their target price on Hochschild Mining from GBX 210 ($2.85) to GBX 200 ($2.71) and set a "hold" rating for the company in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of GBX 290 ($3.93).

Hochschild Mining Trading Up 5.6%

The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86. The company has a market cap of £1.59 billion, a PE ratio of 52.30, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The firm has a fifty day moving average of GBX 281.07 and a two-hundred day moving average of GBX 236.95.

Insider Buying and Selling at Hochschild Mining

In other Hochschild Mining news, insider Eduardo Landin purchased 77,000 shares of the company's stock in a transaction dated Thursday, April 24th. The stock was purchased at an average price of GBX 272 ($3.69) per share, for a total transaction of £209,440 ($283,909.45). Insiders own 38.71% of the company's stock.

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.