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

Hochschild Mining plc (LON:HOC)’s share price dropped 15.5% during mid-day trading on Wednesday . The company traded as low as GBX 186 ($2.32) and last traded at GBX 193.40 ($2.41). Approximately 9,867,523 shares changed hands during mid-day trading, an increase of 268% from the average daily volume of 2,678,564 shares. The stock had previously closed at GBX 229 ($2.86).

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HOC shares. Canaccord Genuity Group raised their target price on shares of Hochschild Mining from GBX 220 ($2.75) to GBX 310 ($3.87) and gave the stock a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 300 ($3.75) price target on shares of Hochschild Mining in a research note on Thursday. Berenberg Bank reissued a “hold” rating and set a GBX 200 ($2.50) target price on shares of Hochschild Mining in a research note on Wednesday, October 16th. Finally, Canaccord Genuity Group dropped their price target on shares of Hochschild Mining from GBX 310 ($3.87) to GBX 285 ($3.56) and set a “buy” rating on the stock in a research report on Thursday.

Hochschild Mining Stock Performance

The stock has a market capitalization of £925.00 million, a PE ratio of 3,596.00, a P/E/G ratio of 0.41 and a beta of 1.08. 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 firm has a 50 day moving average of GBX 218.12 and a 200-day moving average of GBX 200.68.

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.