Hochschild Mining (LON:HOC) Trading Down 15.5% – Time to Sell?

Shares of Hochschild Mining plc (LON:HOC) fell 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). 9,854,495 shares changed hands during mid-day trading, an increase of 268% from the average session volume of 2,677,695 shares. The stock had previously closed at GBX 229 ($2.86).

Analyst Ratings Changes

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

Hochschild Mining Price Performance

The firm has a market capitalization of £925.00 million, a PE ratio of 3,596.00, a PEG ratio of 0.41 and a beta of 1.08. The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 55.11. The firm’s fifty day simple moving average is GBX 218.12 and its 200-day simple moving average is GBX 200.68.

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.