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

Hochschild Mining plc (LON:HOC)’s share price dropped 15.5% during trading 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 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 ($2.86).

Wall Street Analysts Forecast Growth

HOC has been the topic of several recent analyst reports. Canaccord Genuity Group increased their price objective on Hochschild Mining from GBX 220 ($2.75) to GBX 310 ($3.87) and gave the company a “buy” rating in a research report on Thursday, October 24th. Canaccord Genuity Group cut their price target on Hochschild Mining from GBX 310 ($3.87) to GBX 285 ($3.56) and set a “buy” rating for the company in a research note on Thursday. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 300 ($3.75) price target on shares of Hochschild Mining in a research note on Thursday. Finally, Berenberg Bank restated a “hold” rating and set a GBX 200 ($2.50) price target on shares of Hochschild Mining in a research note on Wednesday, October 16th.

Hochschild Mining Trading Down 2.3 %

The stock has a 50 day simple moving average of GBX 218.12 and a 200-day simple moving average of GBX 200.68. The firm has a market capitalization of £925.00 million, a P/E ratio of 3,596.00, a P/E/G ratio of 0.41 and a beta of 1.08. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 55.11.

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.