Hochschild Mining (LON:HOC) Stock Price Down 12.5% – Time to Sell?

Hochschild Mining plc (LON:HOC)’s share price fell 12.5% on Wednesday . The company traded as low as GBX 187 ($2.31) and last traded at GBX 200.36 ($2.47). 7,124,797 shares traded hands during mid-day trading, an increase of 185% from the average session volume of 2,495,716 shares. The stock had previously closed at GBX 229 ($2.82).

Wall Street Analyst Weigh In

HOC has been the topic of a number of recent analyst reports. Berenberg Bank reissued a “hold” rating and set a GBX 200 ($2.47) price target on shares of Hochschild Mining in a research report on Wednesday, October 16th. Canaccord Genuity Group lifted their target price on shares of Hochschild Mining from GBX 220 ($2.71) to GBX 310 ($3.82) and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Hochschild Mining from GBX 310 ($3.82) to GBX 320 ($3.95) and gave the stock an “overweight” rating in a research note on Friday, December 6th.

Hochschild Mining Stock Performance

The company has a debt-to-equity ratio of 55.11, a quick ratio of 1.87 and a current ratio of 0.89. The business’s fifty day simple moving average is GBX 218.57 and its 200-day simple moving average is GBX 200.34. The firm has a market capitalization of £1.03 billion, a PE ratio of 4,005.32, a price-to-earnings-growth 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.