Hochschild Mining (LON:HOC) Shares Down 15.5% – Should You Sell?

Hochschild Mining plc (LON:HOC)’s share price was down 15.5% during trading on Wednesday . The stock traded as low as GBX 186 ($2.32) and last traded at GBX 193.40 ($2.41). Approximately 9,854,495 shares changed hands during mid-day trading, an increase of 268% from the average daily volume of 2,677,695 shares. The stock had previously closed at GBX 229 ($2.86).

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Berenberg Bank reiterated a “hold” rating and set a GBX 200 ($2.50) price target on shares of Hochschild Mining in a report on Wednesday, October 16th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 300 ($3.75) target price on shares of Hochschild Mining in a research note on Thursday. Canaccord Genuity Group reduced their price target on shares of Hochschild Mining from GBX 310 ($3.87) to GBX 285 ($3.56) and set a “buy” rating on the stock in a research note on Thursday. Finally, 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 stock a “buy” rating in a report on Thursday, October 24th.

Hochschild Mining Price Performance

The company’s 50-day moving average price is GBX 218.12 and its 200-day moving average price is GBX 200.68. The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 55.11. The firm has a market cap of £925.00 million, a price-to-earnings ratio of 3,596.00, a PEG ratio of 0.41 and a beta of 1.08.

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.