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

Hochschild Mining plc (LON:HOC - Get Free Report) traded down 22.9% during mid-day trading on Tuesday . The company traded as low as GBX 231 ($3.12) and last traded at GBX 232.20 ($3.13). 6,865,773 shares changed hands during mid-day trading, an increase of 122% from the average session volume of 3,098,233 shares. The stock had previously closed at GBX 301.20 ($4.07).

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Canaccord Genuity Group increased their target price on shares of Hochschild Mining from GBX 285 ($3.85) to GBX 370 ($5.00) and gave the stock a "buy" rating in a research report on Thursday, April 17th. Royal Bank of Canada raised shares of Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.65) price objective for the company in a report on Thursday, March 13th. Finally, Berenberg Bank lowered their target price on shares of Hochschild Mining from GBX 210 ($2.84) to GBX 200 ($2.70) and set a "hold" rating on the stock in a research note on Wednesday, March 12th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Hochschild Mining currently has an average rating of "Moderate Buy" and an average target price of GBX 290 ($3.92).

Hochschild Mining Stock Up 5.6%

The stock has a market capitalization of £1.59 billion, a price-to-earnings ratio of 52.30, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The firm has a 50 day simple moving average of GBX 281.19 and a 200-day simple moving average of GBX 236.90. The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87.

Insider Buying and Selling

In other Hochschild Mining news, insider Eduardo Landin purchased 77,000 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The stock was purchased at an average cost of GBX 272 ($3.67) per share, with a total value of £209,440 ($282,759.55). 38.71% of the stock is currently owned by corporate insiders.

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.