Hochschild Mining (LON:HOC) Stock Price Down 7.2% – Here’s Why

Hochschild Mining plc (LON:HOC) shares traded down 7.2% during mid-day trading on Monday. The company traded as low as GBX 527 and last traded at GBX 529.50. 1,582,779 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 10,381,654 shares. The stock had previously closed at GBX 570.50.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Berenberg Bank raised their price objective on shares of Hochschild Mining from GBX 570 to GBX 800 and gave the company a “buy” rating in a research note on Friday, August 28th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 625 target price on shares of Hochschild Mining in a report on Wednesday, August 26th. Finally, JPMorgan Chase & Co. upgraded shares of Hochschild Mining to an “overweight” rating and lifted their price target for the company from GBX 820 to GBX 840 in a research report on Thursday, July 23rd. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 671.

Hochschild Mining Stock Performance

The stock has a market capitalization of £2.72 billion, a price-to-earnings ratio of 9.13, a PEG ratio of 0.41 and a beta of 1.00. The stock’s 50 day moving average is GBX 554.41 and its 200 day moving average is GBX 570.78. The company has a current ratio of 1.08, a quick ratio of 1.87 and a debt-to-equity ratio of 27.51.

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. The ore at our operations is processed into silver-gold concentrate or dore.

Hochschild Mining plc is listed on the Main Market of the London Stock Exchange and is headquartered in Lima, Peru.