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

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

Analysts Set New Price Targets

HOC has been the subject of several research analyst reports. 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 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. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 200 ($2.47) target price on shares of Hochschild Mining in a research report on Wednesday, October 16th.

Hochschild Mining Trading Down 15.5 %

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 company has a 50 day moving average of GBX 218.86 and a two-hundred day moving average of GBX 200.64. The stock has a market capitalization of £994.97 million, a PE ratio of 3,868.00, a P/E/G 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.