Hochschild Mining (LON:HOC) Shares Down 16.7% – Should You Sell?

Hochschild Mining plc (LON:HOC)’s stock price traded down 16.7% during mid-day trading on Wednesday . The company traded as low as GBX 188.62 ($2.33) and last traded at GBX 190.79 ($2.35). 4,704,393 shares changed hands during trading, an increase of 102% from the average session volume of 2,334,355 shares. The stock had previously closed at GBX 229 ($2.82).

Wall Street Analysts Forecast Growth

HOC has been the subject of a number of research reports. Canaccord Genuity Group boosted their price objective on Hochschild Mining from GBX 220 ($2.71) to GBX 310 ($3.82) and gave the company a “buy” rating in a research note on Thursday, October 24th. Berenberg Bank reiterated a “hold” rating and issued a GBX 200 ($2.47) price target on shares of Hochschild Mining in a research report on Wednesday, October 16th. Finally, 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 stock an “overweight” rating in a research note on Friday, December 6th.

Hochschild Mining Trading Down 14.2 %

The company has a 50 day simple moving average of GBX 218.57 and a 200 day simple moving average of GBX 200.34. 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 £1.01 billion, a PE ratio of 3,928.00, 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.