Hochschild Mining (LON:HOC) Shares Down 16.2% – Should You Sell?

Hochschild Mining plc (LON:HOC)’s share price traded down 16.2% during mid-day trading on Wednesday . The company traded as low as GBX 186 ($2.32) and last traded at GBX 192 ($2.40). 9,514,745 shares traded hands during trading, an increase of 258% from the average session volume of 2,655,045 shares. The stock had previously closed at GBX 229 ($2.86).

Wall Street Analysts Forecast Growth

HOC has been the subject of several research analyst reports. Canaccord Genuity Group lowered their price objective on shares of Hochschild Mining from GBX 310 ($3.87) to GBX 285 ($3.56) and set a “buy” rating for the company in a research note on Thursday. Canaccord Genuity Group upped their price objective on shares of Hochschild Mining from GBX 220 ($2.75) to GBX 310 ($3.87) and gave the company a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 300 ($3.75) price objective on shares of Hochschild Mining in a research report on Thursday. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 200 ($2.50) target price on shares of Hochschild Mining in a research report on Wednesday, October 16th.

Hochschild Mining Trading Down 2.3 %

The firm has a market cap of £925.00 million, a price-to-earnings ratio of 3,596.00, a P/E/G ratio of 0.41 and a beta of 1.08. The firm’s 50-day moving average is GBX 218.12 and its 200-day moving average is GBX 200.68. 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.