Hochschild Mining (LON:HOC) Shares Down 15.5% – Time to Sell?

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HOC. Canaccord Genuity Group raised their price target on Hochschild Mining from GBX 220 ($2.71) to GBX 310 ($3.82) and gave the company a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. raised their price target on shares of Hochschild Mining from GBX 310 ($3.82) to GBX 320 ($3.94) and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 200 ($2.46) price objective on shares of Hochschild Mining in a research report on Wednesday, October 16th.

Hochschild Mining Stock Performance

The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 55.11. The stock has a market cap of £994.97 million, a P/E ratio of 3,868.00, a PEG ratio of 0.41 and a beta of 1.08. The business has a 50 day moving average price of GBX 218.86 and a 200 day moving average price of 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.