Hochschild Mining (LON:HOC) Trading Down 14.8% – Time to Sell?

Hochschild Mining plc (LON:HOC) traded down 14.8% on Wednesday . The company traded as low as GBX 187 ($2.31) and last traded at GBX 195.20 ($2.41). 5,980,373 shares changed hands during mid-day trading, an increase of 147% from the average session volume of 2,419,421 shares. The stock had previously closed at GBX 229 ($2.83).

Analysts Set New Price Targets

A number of brokerages have issued reports on HOC. Canaccord Genuity Group lowered their price target on Hochschild Mining from GBX 310 ($3.83) to GBX 285 ($3.52) and set a “buy” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 300 ($3.71) target price on shares of Hochschild Mining in a research report on Thursday. Canaccord Genuity Group lifted their target price 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 note on Thursday, October 24th. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 200 ($2.47) price target on shares of Hochschild Mining in a report on Wednesday, October 16th.

Hochschild Mining Stock Performance

The company has a market cap of £936.32 million, a PE ratio of 3,640.00, a PEG ratio of 0.41 and a beta of 1.08. 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 stock has a 50 day simple moving average of GBX 218.44 and a two-hundred day simple moving average of GBX 200.71.

About Hochschild Mining

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.