Hochschild Mining (LON:HOC) Trading Down 13.7% – Should You Sell?

Hochschild Mining plc (LON:HOC)’s share price traded down 13.7% on Wednesday . The company traded as low as GBX 187 ($2.31) and last traded at GBX 197.67 ($2.44). 7,010,646 shares traded hands during mid-day trading, an increase of 182% from the average session volume of 2,488,105 shares. The stock had previously closed at GBX 229 ($2.82).

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Canaccord Genuity Group boosted their price objective on shares of 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. JPMorgan Chase & Co. upped their target price 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. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 200 ($2.47) target price on shares of Hochschild Mining in a research note on Wednesday, October 16th.

Hochschild Mining Stock Down 12.5 %

The company has a debt-to-equity ratio of 55.11, a quick ratio of 1.87 and a current ratio of 0.89. The firm’s 50-day moving average is GBX 218.57 and its 200 day moving average is GBX 200.34. The firm has a market capitalization of £1.03 billion, a P/E ratio of 4,005.32, 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.