Hochschild Mining (LON:HOC) Stock Price Down 16.7% – Should You Sell?

Hochschild Mining plc (LON:HOC) was down 16.7% during trading on Wednesday . The stock traded as low as GBX 188.62 ($2.33) and last traded at GBX 190.79 ($2.35). Approximately 4,704,393 shares changed hands during trading, an increase of 102% from the average daily volume of 2,334,355 shares. The stock had previously closed at GBX 229 ($2.82).

Analysts Set New Price Targets

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

Hochschild Mining Stock Down 14.2 %

The firm’s 50-day moving average price is GBX 218.57 and its two-hundred day moving average price is GBX 200.34. The company has a debt-to-equity ratio of 55.11, a quick ratio of 1.87 and a current ratio of 0.89. The firm has a market cap of £1.01 billion, a PE ratio of 3,928.00, a P/E/G 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.