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

Hochschild Mining plc (LON:HOC) shares were down 16.7% on Wednesday . The stock traded as low as GBX 187 ($2.31) and last traded at GBX 190.80 ($2.36). Approximately 8,611,561 shares were traded 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).

Analysts Set New Price Targets

HOC has been the topic of several research analyst reports. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 300 ($3.71) price target on shares of Hochschild Mining in a research note on Thursday. Berenberg Bank reiterated a “hold” rating and issued a GBX 200 ($2.47) price objective on shares of Hochschild Mining in a research report on Wednesday, October 16th. Canaccord Genuity Group boosted their target price on 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. Finally, Canaccord Genuity Group lowered their price objective on Hochschild Mining from GBX 310 ($3.83) to GBX 285 ($3.52) and set a “buy” rating for the company in a research report on Thursday.

Hochschild Mining Stock Performance

The firm has a market cap of £933.76 million, a price-to-earnings ratio of 3,630.06, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The stock has a 50-day moving average of GBX 218.44 and a 200-day moving average of GBX 200.71. The company has a debt-to-equity ratio of 55.11, a quick ratio of 1.87 and a current ratio of 0.89.

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.