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

Hochschild Mining plc (LON:HOC) dropped 16.7% during trading on Wednesday . The company traded as low as GBX 187 ($2.31) and last traded at GBX 190.80 ($2.36). Approximately 8,611,561 shares traded hands during mid-day trading, an increase of 232% from the average daily volume of 2,594,833 shares. The stock had previously closed at GBX 229 ($2.83).

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HOC shares. Canaccord Genuity Group cut their price objective on shares of Hochschild Mining from GBX 310 ($3.83) to GBX 285 ($3.52) and set a “buy” rating on the stock in a report on Thursday. Canaccord Genuity Group lifted their target price on shares of Hochschild Mining from GBX 220 ($2.72) to GBX 310 ($3.83) and gave the stock a “buy” rating in a research report on Thursday, October 24th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 200 ($2.47) target price on shares of Hochschild Mining in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 300 ($3.71) price target on shares of Hochschild Mining in a report on Thursday.

Hochschild Mining Trading Down 1.4 %

The firm has a 50 day moving average of GBX 218.44 and a 200 day moving average of GBX 200.71. The firm has a market cap of £933.76 million, a PE ratio of 3,630.06, a P/E/G ratio of 0.41 and a beta of 1.08. The company has a quick ratio of 1.87, a current ratio of 0.89 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.