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

Shares of Hochschild Mining plc (LON:HOC) fell 16.2% during mid-day trading on Wednesday . The company traded as low as GBX 186 ($2.29) and last traded at GBX 192 ($2.37). 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 ($2.82).

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HOC. JPMorgan Chase & Co. raised their price target on Hochschild Mining from GBX 310 ($3.82) to GBX 320 ($3.95) and gave the stock an “overweight” rating in a research note on Friday, December 6th. Canaccord Genuity Group raised their price target on Hochschild Mining from GBX 220 ($2.71) to GBX 310 ($3.82) and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 200 ($2.47) price target on shares of Hochschild Mining in a research note on Wednesday, October 16th.

Hochschild Mining Price Performance

The stock has a fifty day moving average price of GBX 218.86 and a 200-day moving average price of GBX 200.64. The firm has a market capitalization of £994.97 million, a PE ratio of 3,868.00, 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.

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.