Hochschild Mining (LON:HOC) Stock Price Down 7.8% - Here's What Happened

Key Points

• Hochschild Mining's stock price fell by 7.8% to GBX 388.94, with a trading volume decrease of 2% compared to its average.
• Several analysts have varied ratings and price targets for Hochschild Mining, with the consensus rating at "Moderate Buy" and a target price of GBX 347.86.
• The company operates three underground mines in the Americas and has a market cap of £1.95 billion, along with a debt-to-equity ratio of 61.86.

Hochschild Mining plc (LON:HOC - Get Free Report) shares were down 7.8% during mid-day trading on Tuesday . The stock traded as low as GBX 388.30 ($5.21) and last traded at GBX 388.94 ($5.21). Approximately 3,127,354 shares changed hands during mid-day trading, a decline of 2% from the average daily volume of 3,194,340 shares. The stock had previously closed at GBX 422 ($5.66).

Analyst Upgrades and Downgrades

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

Hochschild Mining Price Performance

The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89. The company has a market cap of £1.95 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 0.41 and a beta of 1.08. The business has a fifty day moving average price of GBX 337.38 and a 200 day moving average price of GBX 297.91.

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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