Hochschild Mining (LON:HOC) Stock Price Down 16.7% – Time to Sell?

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

Analysts Set New Price Targets

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

Hochschild Mining Stock Performance

The stock has a market cap of £933.76 million, a price-to-earnings ratio of 3,630.06, a P/E/G ratio of 0.41 and a beta of 1.08. The company’s fifty day simple moving average is GBX 218.44 and its two-hundred day simple moving average is GBX 200.71. The company has a debt-to-equity ratio of 55.11, a current ratio of 0.89 and a quick ratio of 1.87.

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.