What’s Propelling Hochschild Mining Plc to Decline So Much?

 What's Propelling Hochschild Mining Plc to Decline So Much?

The stock of Hochschild Mining Plc (LON:HOC) is a huge mover today! The stock decreased 2.21% or GBX 4.93 on November 23, hitting GBX 217.57. About 2.95 million shares traded hands or 79.88% up from the average. Hochschild Mining Plc (LON:HOC) has risen 59.78% since April 25, 2016 and is uptrending. It has outperformed by 54.46% the S&P500.
The move comes after 8 months negative chart setup for the GBX 1.11 billion company. It was reported on Nov, 23 by Barchart.com. We have GBX 206.69 PT which if reached, will make LON:HOC worth GBX 55.50M less.

Hochschild Mining Plc (LON:HOC) Ratings Coverage

Out of 12 analysts covering Hochschild Mining PLC (LON:HOC), 6 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 50% are positive. GBX 335 is the highest target while GBX 50 is the lowest. The GBX 176.63 average target is -18.82% below today’s (GBX 217.57) stock price. Hochschild Mining PLC has been the topic of 63 analyst reports since July 24, 2015 according to StockzIntelligence Inc. UBS upgraded Hochschild Mining Plc (LON:HOC) on Tuesday, January 26 to “Buy” rating. The firm earned “Overweight” rating on Wednesday, September 7 by Barclays Capital. The rating was upgraded by Citigroup on Friday, July 24 to “Neutral”. The rating was maintained by Numis Securities on Wednesday, August 5 with “Hold”. On Thursday, March 10 the stock rating was downgraded by Numis Securities to “Add”. Numis Securities maintained Hochschild Mining Plc (LON:HOC) on Friday, November 18 with “Add” rating. The firm has “Neutral” rating given on Thursday, November 10 by JP Morgan. Numis Securities maintained the stock with “Hold” rating in Thursday, August 13 report. JP Morgan maintained Hochschild Mining Plc (LON:HOC) on Thursday, April 21 with “Neutral” rating. Numis Securities maintained it with “Add” rating and GBX 320 target price in Wednesday, September 7 report.

Hochschild Mining plc is engaged in mining, processing and sale of silver and gold. The company has a market cap of 1.11 billion GBP. It has approximately three operating mines located in southern Peru and approximately one operating mine (San Jose) located in Argentina. It currently has negative earnings. The Company’s divisions include Arcata, Pallancata, San Jose, Inmaculada, Exploration and Other.

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