Hochschild Mining (LON:HOC) Stock Price Down 14.2% – Should You Sell?

Hochschild Mining plc (LON:HOC) traded down 14.2% on Tuesday . The company traded as low as GBX 360 ($4.81) and last traded at GBX 362.20 ($4.84). 3,985,027 shares changed hands during trading, an increase of 25% from the average session volume of 3,198,544 shares. The stock had previously closed at GBX 422 ($5.64).

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Berenberg Bank increased their target price on Hochschild Mining from GBX 280 to GBX 380 and gave the stock a “hold” rating in a research note on Tuesday, October 7th. Peel Hunt reiterated a “buy” rating and set a GBX 340 target price on shares of Hochschild Mining in a research note on Tuesday, October 7th. UBS Group reiterated a “buy” rating and set a GBX 300 target price on shares of Hochschild Mining in a research note on Friday, August 15th. JPMorgan Chase & Co. lowered their price objective on Hochschild Mining from GBX 390 to GBX 370 and set an “overweight” rating on the stock in a research note on Thursday, August 28th. Finally, Canaccord Genuity Group raised their price objective on Hochschild Mining from GBX 350 to GBX 465 and gave the stock a “buy” rating in a research note on Monday, October 13th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Hochschild Mining has a consensus rating of “Moderate Buy” and a consensus target price of GBX 347.86.

Hochschild Mining Stock Performance

The stock has a 50 day simple moving average of GBX 338.60 and a 200 day simple moving average of GBX 298.36. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86. The stock has a market cap of £1.87 billion, a P/E ratio of 12.52, a price-to-earnings-growth 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.