Hochschild Mining (LON:HOC) Shares Down 21.5% – Time to Sell?

Hochschild Mining plc (LON:HOC)’s stock price fell 21.5% during trading on Tuesday . The stock traded as low as GBX 234 ($3.17) and last traded at GBX 236.33 ($3.20). 55,155,906 shares traded hands during mid-day trading, an increase of 1,459% from the average session volume of 3,537,234 shares. The stock had previously closed at GBX 301.20 ($4.08).

Wall Street Analyst Weigh In

HOC has been the topic of several analyst reports. Royal Bank of Canada upgraded shares of Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.66) target price on the stock in a report on Thursday, March 13th. Canaccord Genuity Group raised their price objective on Hochschild Mining from GBX 285 ($3.86) to GBX 370 ($5.01) and gave the stock a “buy” rating in a research note on Thursday, April 17th. Finally, Berenberg Bank reduced their target price on Hochschild Mining from GBX 210 ($2.85) to GBX 200 ($2.71) and set a “hold” rating on the stock in a report on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Hochschild Mining currently has an average rating of “Moderate Buy” and a consensus price target of GBX 290 ($3.93).

Hochschild Mining Stock Performance

The stock has a market cap of £1.53 billion, a P/E ratio of 50.41, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87. The stock’s 50 day simple moving average is GBX 282.03 and its two-hundred day simple moving average is GBX 236.93.

Hochschild Mining Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 8th will be given a $0.02 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a yield of 0.6%. Hochschild Mining’s dividend payout ratio is currently 85.32%.

Insider Buying and Selling

In other news, insider Eduardo Landin bought 77,000 shares of the company’s stock in a transaction that occurred on Thursday, April 24th. The shares were acquired at an average price of GBX 272 ($3.69) per share, with a total value of £209,440 ($283,832.50). Company insiders own 38.71% of the company’s stock.

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.