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

Hochschild Mining plc (LON:HOC)’s stock price traded down 15.5% during mid-day trading on Wednesday . The stock traded as low as GBX 186 ($2.29) and last traded at GBX 193.40 ($2.38). 9,867,523 shares traded hands during trading, an increase of 268% from the average session volume of 2,678,564 shares. The stock had previously closed at GBX 229 ($2.82).

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Canaccord Genuity Group increased 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. 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 report on Friday, December 6th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 200 ($2.47) price objective on shares of Hochschild Mining in a research report on Wednesday, October 16th.

Hochschild Mining Stock Down 15.5 %

The company has a debt-to-equity ratio of 55.11, a current ratio of 0.89 and a quick ratio of 1.87. The business has a 50 day simple moving average of GBX 218.86 and a 200 day simple moving average of GBX 200.64. The stock has a market cap of £994.97 million, a PE 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.