Hochschild Mining (LON:HOC) Trading Down 15.5% – Time to Sell?

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

Wall Street Analyst Weigh In

Several analysts recently commented on the company. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 300 ($3.75) price objective on shares of Hochschild Mining in a report on Thursday. Canaccord Genuity Group cut their target price 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 report on Thursday. Berenberg Bank reaffirmed a “hold” rating and set a GBX 200 ($2.50) target price on shares of Hochschild Mining in a report on Wednesday, October 16th. Finally, Canaccord Genuity Group lifted their price target on shares of Hochschild Mining from GBX 220 ($2.75) to GBX 310 ($3.87) and gave the stock a “buy” rating in a research note on Thursday, October 24th.

Hochschild Mining Stock Down 2.3 %

The company has a 50-day moving average price of GBX 218.12 and a 200 day moving average price of GBX 200.68. The firm 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 current ratio of 0.89 and a quick ratio of 1.87.

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.