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

Hochschild Mining plc (LON:HOC)’s stock price was down 13.7% during trading on Wednesday . The company traded as low as GBX 187 ($2.31) and last traded at GBX 197.67 ($2.44). Approximately 7,010,646 shares were traded during trading, an increase of 182% from the average daily volume of 2,488,105 shares. The stock had previously closed at GBX 229 ($2.83).

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on HOC shares. Canaccord Genuity Group increased their price objective on shares of Hochschild Mining from GBX 220 ($2.72) to GBX 310 ($3.83) and gave the stock a “buy” rating in a research report on Thursday, October 24th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 200 ($2.47) target price on shares of Hochschild Mining in a research report on Wednesday, October 16th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 300 ($3.71) price objective on shares of Hochschild Mining in a report on Thursday. Finally, Canaccord Genuity Group reduced their target price on Hochschild Mining from GBX 310 ($3.83) to GBX 285 ($3.52) and set a “buy” rating for the company in a report on Thursday.

Hochschild Mining Trading Down 1.1 %

The company has a market cap of £936.32 million, a P/E ratio of 3,640.00, a PEG ratio of 0.41 and a beta of 1.08. 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’s 50 day moving average is GBX 218.44 and its 200-day moving average is GBX 200.71.

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.