Shares of Hochschild Mining plc (LON:HOC - Get Free Report) fell 22.9% during 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 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 Analyst Weigh In
A number of equities analysts recently commented on HOC shares. Royal Bank of Canada raised Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.65) price objective on the stock in a research note on Thursday, March 13th. Canaccord Genuity Group lifted their price objective on 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. Finally, Berenberg Bank decreased their target price on Hochschild Mining from GBX 210 ($2.84) to GBX 200 ($2.70) and set a "hold" rating for the company in a research note on Wednesday, March 12th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of GBX 290 ($3.92).
Read Our Latest Stock Analysis on Hochschild Mining
Hochschild Mining Trading Up 5.6%
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 firm's 50-day moving average is GBX 281.19 and its 200-day moving average is GBX 236.90. The firm has a market cap of £1.59 billion, a price-to-earnings ratio of 52.30, a P/E/G ratio of 0.41 and a beta of 1.08.
Insider Activity at Hochschild Mining
In related news, insider Eduardo Landin acquired 77,000 shares of the stock in a transaction dated Thursday, April 24th. The shares were purchased at an average price of GBX 272 ($3.67) per share, for a total transaction of £209,440 ($282,759.55). 38.71% of the stock is owned by company insiders.
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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