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

Hochschild Mining plc (LON:HOC)’s share price dropped 14.2% during trading on Wednesday . The stock traded as low as GBX 360 ($4.81) and last traded at GBX 362.20 ($4.84). Approximately 3,985,027 shares were traded during trading, an increase of 25% from the average daily volume of 3,198,544 shares. The stock had previously closed at GBX 422 ($5.64).

Wall Street Analysts Forecast Growth

HOC has been the topic of several recent analyst reports. Berenberg Bank increased their price objective on Hochschild Mining from GBX 280 to GBX 380 and gave the company a “hold” rating in a research report on Tuesday, October 7th. UBS Group reaffirmed a “buy” rating and set a GBX 300 price objective on shares of Hochschild Mining in a research report on Friday, August 15th. Canaccord Genuity Group increased their price objective on Hochschild Mining from GBX 350 to GBX 465 and gave the company a “buy” rating in a research report on Monday, October 13th. JPMorgan Chase & Co. dropped their target price on Hochschild Mining from GBX 390 to GBX 370 and set an “overweight” rating on the stock in a research report on Thursday, August 28th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 340 target price on shares of Hochschild Mining in a research report on Tuesday, October 7th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 347.86.

Hochschild Mining Price Performance

The firm has a market capitalization of £1.85 billion, a PE ratio of 12.41, a PEG ratio of 0.41 and a beta of 1.08. 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 firm has a 50-day simple moving average of GBX 338.60 and a 200-day simple moving average of GBX 298.36.

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.