Hochschild Mining (LON:HOC) Trading Down 16.7% – Should You Sell?

Shares of Hochschild Mining plc (LON:HOC) fell 16.7% on Wednesday . The company traded as low as GBX 187 ($2.31) and last traded at GBX 190.80 ($2.36). 8,611,561 shares changed hands during mid-day trading, an increase of 232% from the average session volume of 2,594,833 shares. The stock had previously closed at GBX 229 ($2.83).

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Canaccord Genuity Group boosted their price objective on shares of Hochschild Mining from GBX 220 ($2.72) to GBX 310 ($3.83) and gave the stock a “buy” rating in a research report on Thursday, October 24th. Canaccord Genuity Group reduced their price target 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 report on Thursday. Berenberg Bank reiterated a “hold” rating and issued a GBX 200 ($2.47) price target on shares of Hochschild Mining in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 300 ($3.71) price objective on shares of Hochschild Mining in a research report on Thursday.

Hochschild Mining Stock Down 1.7 %

The stock has a market cap 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. The firm’s 50 day moving average is GBX 218.44 and its two-hundred day moving average is GBX 200.71. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 55.11.

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.