Hochschild Mining plc (LON:HOC - Get Free Report)'s stock price was down 9.3% on Thursday after Berenberg Bank lowered their price target on the stock from GBX 300 to GBX 280. Berenberg Bank currently has a hold rating on the stock. Hochschild Mining traded as low as GBX 246.20 ($3.34) and last traded at GBX 278 ($3.77). Approximately 7,855,000 shares changed hands during trading, an increase of 178% from the average daily volume of 2,825,628 shares. The stock had previously closed at GBX 306.40 ($4.15).
A number of other brokerages also recently commented on HOC. UBS Group reissued a "buy" rating and issued a GBX 300 target price on shares of Hochschild Mining in a research note on Friday, August 15th. JPMorgan Chase & Co. cut their target price on shares of Hochschild Mining from GBX 390 to GBX 370 and set an "overweight" rating on the stock in a research note on Thursday, August 28th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 365 price target on shares of Hochschild Mining in a research note on Wednesday, August 27th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of GBX 315.83.
View Our Latest Research Report on Hochschild Mining
Hochschild Mining Price Performance
The company's 50-day moving average price is GBX 282.21 and its two-hundred day moving average price is GBX 265.42. The company has a market cap of £1.59 billion, a P/E ratio of 1,624.21, a P/E/G ratio of 0.41 and a beta of 1.08. 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
(
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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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