Hochschild Mining (LON:HOC) Shares Down 16.7% – Time to Sell?

Hochschild Mining plc (LON:HOC)’s stock price fell 16.7% during mid-day trading 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 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).

Analyst Ratings Changes

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

Hochschild Mining Trading Down 1.4 %

The company’s 50-day moving average is GBX 218.44 and its 200 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. The firm has a market cap of £933.76 million, a PE ratio of 3,630.06, a P/E/G ratio of 0.41 and a beta of 1.08.

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.