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

Shares of Hochschild Mining plc (LON:HOC) dropped 15.5% during trading on Wednesday . The company traded as low as GBX 186 ($2.29) and last traded at GBX 193.40 ($2.38). Approximately 9,867,523 shares traded hands 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).

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Hochschild Mining from GBX 310 ($3.82) to GBX 320 ($3.95) and gave the company an “overweight” rating in a research note on Friday, December 6th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 200 ($2.47) price target on shares of Hochschild Mining in a report on Wednesday, October 16th. Finally, Canaccord Genuity Group boosted their price objective on Hochschild Mining from GBX 220 ($2.71) to GBX 310 ($3.82) and gave the stock a “buy” rating in a research note on Thursday, October 24th.

Hochschild Mining Price Performance

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 stock has a fifty day moving average of GBX 218.86 and a 200-day moving average of GBX 200.64. The stock has a market capitalization of £994.97 million, a price-to-earnings ratio of 3,868.00, a P/E/G 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.