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

Hochschild Mining plc (LON:HOC) fell 15.5% during trading 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 changed hands during mid-day 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 Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Berenberg Bank restated a “hold” rating and issued a GBX 200 ($2.46) target price on shares of Hochschild Mining in a research note on Wednesday, October 16th. Canaccord Genuity Group increased their target price on Hochschild Mining from GBX 220 ($2.71) to GBX 310 ($3.82) and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. boosted 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 note on Friday, December 6th.

Hochschild Mining Price Performance

The business’s fifty day simple moving average is GBX 218.86 and its 200-day simple moving average is GBX 200.64. 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 firm 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.

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.