Hochschild Mining (LON:HOC) Stock Price Down 9.5% – What’s Next?

Hochschild Mining plc (LON:HOC)’s stock price traded down 9.5% on Friday . The company traded as low as GBX 677 and last traded at GBX 678. 1,497,830 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 6,116,077 shares. The stock had previously closed at GBX 749.50.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HOC. Berenberg Bank raised their price objective on shares of Hochschild Mining from GBX 430 to GBX 570 and gave the stock a “hold” rating in a report on Thursday, January 22nd. Canaccord Genuity Group increased their target price on shares of Hochschild Mining from GBX 490 to GBX 750 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. cut shares of Hochschild Mining to a “neutral” rating and lifted their price target for the stock from GBX 600 to GBX 670 in a report on Monday, January 19th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Hochschild Mining currently has an average rating of “Moderate Buy” and an average target price of GBX 483.33.

Hochschild Mining Stock Performance

The firm has a market capitalization of £3.45 billion, a PE ratio of 23.10, a P/E/G ratio of 0.41 and a beta of 0.80. The company has a debt-to-equity ratio of 49.70, a current ratio of 0.75 and a quick ratio of 1.87. The company’s fifty day simple moving average is GBX 650.39 and its 200 day simple moving average is GBX 466.04.

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. 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.