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

Hochschild Mining plc (LON:HOC) shares fell 15.5% during mid-day trading on Wednesday . The company traded as low as GBX 186 ($2.29) and last traded at GBX 193.40 ($2.38). 9,854,495 shares traded hands during trading, an increase of 268% from the average session volume of 2,677,695 shares. The stock had previously closed at GBX 229 ($2.82).

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target 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 report on Friday, December 6th. Berenberg Bank reiterated a “hold” rating and set a GBX 200 ($2.47) target price on shares of Hochschild Mining in a report on Wednesday, October 16th. Finally, Canaccord Genuity Group boosted their price target on Hochschild Mining from GBX 220 ($2.71) to GBX 310 ($3.82) and gave the stock a “buy” rating in a report on Thursday, October 24th.

Hochschild Mining Price Performance

The company’s 50 day simple moving average is GBX 218.86 and its 200 day simple moving average is GBX 200.64. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 55.11. The stock has a market capitalization of £994.97 million, a PE ratio of 3,868.00, a PEG 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.