Hochschild Mining (LON:HOC) Stock Price Down 20.1% – Should You Sell?

Shares of Hochschild Mining plc (LON:HOC) dropped 20.1% during trading on Tuesday . The company traded as low as GBX 231 ($3.13) and last traded at GBX 240.80 ($3.26). Approximately 55,753,047 shares were traded during mid-day trading, an increase of 1,474% from the average daily volume of 3,542,663 shares. The stock had previously closed at GBX 301.20 ($4.08).

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HOC. Canaccord Genuity Group boosted 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 report on Thursday, April 17th. Royal Bank of Canada upgraded shares of Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.66) price target for the company in a research report on Thursday, March 13th. Finally, Berenberg Bank dropped their price target on shares of Hochschild Mining from GBX 210 ($2.85) to GBX 200 ($2.71) and set a “hold” rating for the company in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 290 ($3.93).

Hochschild Mining Stock Down 22.9%

The business has a fifty day moving average of GBX 282.03 and a 200 day moving average of GBX 236.93. The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 61.86. The firm has a market cap of £1.51 billion, a P/E ratio of 49.53, a P/E/G ratio of 0.41 and a beta of 1.08.

Hochschild Mining Cuts Dividend

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

Insider Transactions at Hochschild Mining

In other Hochschild Mining news, insider Eduardo Landin bought 77,000 shares of Hochschild Mining stock in a transaction that occurred on Thursday, April 24th. The stock was acquired at an average price of GBX 272 ($3.69) per share, for a total transaction of £209,440 ($283,832.50). 38.71% of the stock is currently owned by insiders.

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.