Hochschild Mining (LON:HOC) Stock Price Down 12.5% – Should You Sell?

Hochschild Mining plc (LON:HOC)’s stock price fell 12.5% during trading on Wednesday . The stock traded as low as GBX 187 ($2.31) and last traded at GBX 200.36 ($2.47). 7,124,797 shares were traded during 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

Several equities analysts have weighed in on HOC shares. Canaccord Genuity Group lifted their price objective 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 report on Thursday, October 24th. JPMorgan Chase & Co. upped their price objective on shares of Hochschild Mining from GBX 310 ($3.82) to GBX 320 ($3.95) and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 200 ($2.47) target price on shares of Hochschild Mining in a research note on Wednesday, October 16th.

Hochschild Mining Trading Down 12.5 %

The business’s 50 day moving average price is GBX 218.57 and its 200-day moving average price is GBX 200.34. 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 company has a market cap of £1.03 billion, a price-to-earnings ratio of 4,005.32, a PEG 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.