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

Hochschild Mining plc (LON:HOC) shares dropped 15.5% on Wednesday . The stock traded as low as GBX 186 ($2.29) and last traded at GBX 193.40 ($2.38). Approximately 9,867,523 shares were traded during trading, an increase of 268% from the average daily volume of 2,678,564 shares. The stock had previously closed at GBX 229 ($2.82).

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HOC. Canaccord Genuity Group lifted their target price on Hochschild Mining from GBX 220 ($2.71) to GBX 310 ($3.82) and gave the stock a “buy” rating in a report on Thursday, October 24th. Berenberg Bank reissued a “hold” rating and issued a GBX 200 ($2.46) price target on shares of Hochschild Mining in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Hochschild Mining from GBX 310 ($3.82) to GBX 320 ($3.94) and gave the company an “overweight” rating in a research note on Friday, December 6th.

Hochschild Mining Price Performance

The company has a market cap of £994.97 million, a PE ratio of 3,868.00, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The stock has a fifty day moving average price of GBX 218.86 and a 200-day moving average price of GBX 200.64. 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.