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

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

Wall Street Analyst Weigh In

Several brokerages have commented on HOC. Berenberg Bank restated a “hold” rating and issued a GBX 200 ($2.46) price target on shares of Hochschild Mining in a research note on Wednesday, October 16th. Canaccord Genuity Group lifted their target price 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. Finally, JPMorgan Chase & Co. increased their price target on Hochschild Mining from GBX 310 ($3.82) to GBX 320 ($3.94) and gave the stock an “overweight” rating in a research note on Friday, December 6th.

Hochschild Mining Stock Down 3.4 %

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 firm has a market capitalization of £961.01 million, a P/E ratio of 3,736.00, a PEG ratio of 0.41 and a beta of 1.08. The firm’s fifty day moving average price is GBX 218.86 and its 200-day moving average price is GBX 200.64.

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.