Hochschild Mining (LON:HOC) Trading Down 14.3% - Here's Why

Key Points

• Hochschild Mining's stock dropped by 14.3% on Tuesday, closing at GBX 361.60 ($4.85), with trading volume increasing by 43% compared to the average.
• Analysts have varied opinions on the stock, with the consensus rating being a "Moderate Buy" and a price target averaging GBX 347.86, reflecting differing forecasts from several financial institutions.
• The company's current financial metrics include a debt-to-equity ratio of 61.86 and a market capitalization of £1.86 billion, indicating potential financial stability concerns despite a relatively low price-to-earnings ratio of 12.49.

Hochschild Mining plc (LON:HOC - Get Free Report) dropped 14.3% on Tuesday . The company traded as low as GBX 361.20 ($4.84) and last traded at GBX 361.60 ($4.85). Approximately 4,577,617 shares were traded during mid-day trading, an increase of 43% from the average daily volume of 3,201,449 shares. The stock had previously closed at GBX 422 ($5.66).

Analysts Set New Price Targets

HOC has been the subject of a number of research analyst reports. UBS Group reiterated a "buy" rating and issued a GBX 300 price target on shares of Hochschild Mining in a report on Friday, August 15th. Berenberg Bank upped their price objective on Hochschild Mining from GBX 280 to GBX 380 and gave the stock a "hold" rating in a research note on Tuesday, October 7th. Peel Hunt restated a "buy" rating and set a GBX 340 price objective on shares of Hochschild Mining in a research note on Tuesday, October 7th. JPMorgan Chase & Co. lowered their price objective 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. Finally, Canaccord Genuity Group upped their price objective on Hochschild Mining from GBX 350 to GBX 465 and gave the stock a "buy" rating in a research note on Monday, October 13th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 347.86.

Hochschild Mining Stock Down 14.2%

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 stock has a 50-day simple moving average of GBX 337.38 and a 200-day simple moving average of GBX 297.91. 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.

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.

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