Hochschild Mining (LON:HOC) Stock Price Down 15.5% – Should You Sell?

Hochschild Mining plc (LON:HOC) dropped 15.5% during trading on Thursday . The company traded as low as GBX 186 ($2.29) and last traded at GBX 193.40 ($2.38). Approximately 9,867,523 shares changed hands during trading, an increase of 268% from the average daily volume of 2,678,564 shares. The stock had previously closed at GBX 229 ($2.82).

Analyst Ratings Changes

Several equities research analysts recently weighed in on HOC shares. Berenberg Bank restated a “hold” rating and issued a GBX 200 ($2.46) price target on shares of Hochschild Mining in a research report on Wednesday, October 16th. JPMorgan Chase & Co. upped their target price on shares of Hochschild Mining from GBX 310 ($3.82) to GBX 320 ($3.94) and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Canaccord Genuity Group lifted their price target on Hochschild Mining from GBX 220 ($2.71) to GBX 310 ($3.82) and gave the stock a “buy” rating in a research report on Thursday, October 24th.

Hochschild Mining Stock Performance

The company has a debt-to-equity ratio of 55.11, a current ratio of 0.89 and a quick ratio of 1.87. The business has a 50-day moving average of GBX 218.86 and a 200-day moving average of GBX 200.64. The company has a market capitalization of £952.78 million, a P/E ratio of 3,704.00, a P/E/G ratio of 0.41 and a beta of 1.08.

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.