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

Shares of Hochschild Mining plc (LON:HOC) were down 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 changed 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).

Analyst Upgrades and Downgrades

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

Hochschild Mining Trading Down 2.3 %

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 company has a 50-day moving average price of GBX 218.12 and a 200-day moving average price of GBX 200.68. The company 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.

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.