Hochschild Mining (LON:HOC) Stock Price Down 20.5% - Here's What Happened

Shares of Hochschild Mining plc (LON:HOC - Get Free Report) were down 20.5% on Tuesday . The stock traded as low as GBX 234 ($3.19) and last traded at GBX 239.34 ($3.26). Approximately 54,822,887 shares changed hands during mid-day trading, an increase of 1,451% from the average daily volume of 3,534,207 shares. The stock had previously closed at GBX 301.20 ($4.10).

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Canaccord Genuity Group boosted their target price on shares of Hochschild Mining from GBX 285 ($3.88) to GBX 370 ($5.04) and gave the stock a "buy" rating in a report on Thursday, April 17th. Royal Bank of Canada raised shares of Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.68) price objective for the company in a report on Thursday, March 13th. Finally, Berenberg Bank reduced their price objective on Hochschild Mining from GBX 210 ($2.86) to GBX 200 ($2.72) and set a "hold" rating for the company in a research report on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of GBX 290 ($3.95).

Hochschild Mining Stock Up 4.3%

The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87. The firm has a 50-day moving average price of GBX 281.06 and a 200 day moving average price of GBX 237.19. The company has a market cap of £1.68 billion, a price-to-earnings ratio of 55.07, a P/E/G ratio of 0.41 and a beta of 1.08.

Insider Transactions at Hochschild Mining

In other news, insider Eduardo Landin bought 77,000 shares of the stock in a transaction dated Thursday, April 24th. The shares were bought at an average cost of GBX 272 ($3.70) per share, with a total value of £209,440 ($285,146.36). Company insiders own 38.71% of the company's stock.

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.