Hochschild Mining (LON:HOC) Stock Price Down 16.2% – Should You Sell?

Hochschild Mining plc (LON:HOC)’s share price traded down 16.2% during trading on Wednesday . The company traded as low as GBX 187 ($2.31) and last traded at GBX 191.84 ($2.37). 8,403,153 shares changed hands during trading, an increase of 226% from the average session volume of 2,580,939 shares. The stock had previously closed at GBX 229 ($2.83).

Analysts Set New Price Targets

HOC has been the topic of a number of research analyst reports. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 200 ($2.47) price target on shares of Hochschild Mining in a research note on Wednesday, October 16th. Canaccord Genuity Group lowered their target price on shares of Hochschild Mining from GBX 310 ($3.83) to GBX 285 ($3.52) and set a “buy” rating on the stock in a research note on Thursday. Canaccord Genuity Group upped their target price on shares of Hochschild Mining from GBX 220 ($2.72) to GBX 310 ($3.83) and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 300 ($3.71) price objective on shares of Hochschild Mining in a research note on Thursday.

Hochschild Mining Stock Down 1.7 %

The company has a debt-to-equity ratio of 55.11, a quick ratio of 1.87 and a current ratio of 0.89. The business has a 50 day simple moving average of GBX 218.44 and a 200-day simple moving average of GBX 200.71. The firm has a market capitalization of £930.14 million, a price-to-earnings ratio of 3,616.00, 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.