Hochschild Mining (LON:HOC) Stock Price Down 14.2% – Time to Sell?

Shares of Hochschild Mining plc (LON:HOC) dropped 14.2% on Wednesday . The stock traded as low as GBX 360 ($4.80) and last traded at GBX 362.20 ($4.83). Approximately 3,985,027 shares changed hands during trading, an increase of 25% from the average daily volume of 3,198,544 shares. The stock had previously closed at GBX 422 ($5.63).

Analyst Ratings Changes

HOC has been the topic of several recent analyst reports. Berenberg Bank increased their price objective on shares of Hochschild Mining from GBX 380 to GBX 400 and gave the stock a “hold” rating in a report on Wednesday. Peel Hunt reiterated a “buy” rating and set a GBX 340 price objective on shares of Hochschild Mining in a report on Tuesday, October 7th. UBS Group reiterated a “buy” rating and set a GBX 300 price objective on shares of Hochschild Mining in a report on Friday, August 15th. JPMorgan Chase & Co. dropped their target price on shares of Hochschild Mining from GBX 390 to GBX 370 and set an “overweight” rating for the company in a research report on Thursday, August 28th. Finally, Canaccord Genuity Group increased their target price on shares of Hochschild Mining from GBX 350 to GBX 465 and gave the stock a “buy” rating in a research report on Monday, October 13th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 357.50.

Hochschild Mining Price Performance

The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87. The company’s 50-day simple moving average is GBX 340.79 and its 200-day simple moving average is GBX 299.45. The company has a market cap of £1.77 billion, a price-to-earnings ratio of 11.90, a P/E/G 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.