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

Hochschild Mining plc (LON:HOC)’s stock price fell 15.5% during mid-day 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 were traded 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).

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HOC. Canaccord Genuity Group boosted their price objective on Hochschild Mining from GBX 220 ($2.75) to GBX 310 ($3.87) and gave the company a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 300 ($3.75) price target on shares of Hochschild Mining in a report on Thursday. Berenberg Bank reissued a “hold” rating and issued a GBX 200 ($2.50) price target on shares of Hochschild Mining in a report on Wednesday, October 16th. Finally, Canaccord Genuity Group lowered their price target on Hochschild Mining from GBX 310 ($3.87) to GBX 285 ($3.56) and set a “buy” rating on the stock in a report on Thursday.

Hochschild Mining Stock Down 2.3 %

The firm has a market capitalization of £925.00 million, a PE ratio of 3,596.00, a PEG ratio of 0.41 and a beta of 1.08. The company 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 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.