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

Hochschild Mining plc (LON:HOC) dropped 15.5% on Wednesday . The stock traded as low as GBX 186 ($2.32) and last traded at GBX 193.40 ($2.41). Approximately 9,867,523 shares traded hands during mid-day trading, an increase of 268% from the average daily volume of 2,678,564 shares. The stock had previously closed at GBX 229 ($2.86).

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Canaccord Genuity Group raised their target price 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. reiterated an “overweight” rating and issued a GBX 300 ($3.75) price objective on shares of Hochschild Mining in a research report on Thursday. Canaccord Genuity Group decreased their target price on shares of Hochschild Mining from GBX 310 ($3.87) to GBX 285 ($3.56) and set a “buy” rating for the company in a research report on Thursday. Finally, Berenberg Bank restated a “hold” rating and issued a GBX 200 ($2.50) price target on shares of Hochschild Mining in a research note on Wednesday, October 16th.

Hochschild Mining Price Performance

The business 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 current ratio of 0.89 and a quick ratio of 1.87. The company has a market capitalization of £925.00 million, a price-to-earnings ratio of 3,596.00, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08.

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.