Hochschild Mining (LON:HOC) Shares Down 16.6% – Time to Sell?

Hochschild Mining plc (LON:HOC)’s stock price fell 16.6% during mid-day trading on Wednesday . The stock traded as low as GBX 186 ($2.30) and last traded at GBX 191 ($2.36). 9,242,887 shares traded hands during trading, an increase of 251% from the average session volume of 2,636,921 shares. The stock had previously closed at GBX 229 ($2.83).

Analyst Upgrades and Downgrades

HOC has been the topic of several recent analyst reports. 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. Canaccord Genuity Group reduced 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 research report on Thursday. Canaccord Genuity Group upped their price target on shares of Hochschild Mining from GBX 220 ($2.72) to GBX 310 ($3.83) and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 200 ($2.47) price objective on shares of Hochschild Mining in a research note on Wednesday, October 16th.

Hochschild Mining Trading Down 2.3 %

The company has a 50 day moving average price of GBX 218.12 and a two-hundred day moving average price of GBX 200.68. The firm has a market capitalization of £925.00 million, a price-to-earnings ratio of 3,596.00, a P/E/G ratio of 0.41 and a beta of 1.08. 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.