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

Hochschild Mining plc (LON:HOC) shares 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 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

A number of research firms have issued reports on HOC. Berenberg Bank reissued a “hold” rating and issued a GBX 200 ($2.50) target price on shares of Hochschild Mining in a research report on Wednesday, October 16th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 300 ($3.75) target price on shares of Hochschild Mining in a research report on Thursday. Canaccord Genuity Group raised their target price on Hochschild Mining from GBX 220 ($2.75) to GBX 310 ($3.87) and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Canaccord Genuity Group decreased their target price on 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.

Hochschild Mining Stock Down 2.3 %

The stock has a fifty day moving average price of GBX 218.12 and a 200 day moving average price of GBX 200.68. The company has a debt-to-equity ratio of 55.11, a current ratio of 0.89 and a quick ratio of 1.87. The stock has a market capitalization of £925.00 million, a P/E ratio of 3,596.00, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08.

Hochschild Mining Company Profile

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.