Hochschild Mining (LON:HOC) Stock Price Down 16.2% – Time to Sell?

Hochschild Mining plc (LON:HOC)’s stock price was down 16.2% on Wednesday . The stock traded as low as GBX 187 ($2.31) and last traded at GBX 191.84 ($2.37). Approximately 8,403,153 shares traded hands during trading, an increase of 226% from the average daily volume of 2,580,939 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 raised their price objective on Hochschild Mining from GBX 220 ($2.71) to GBX 310 ($3.82) and gave the company a “buy” rating in a research note on Thursday, October 24th. Berenberg Bank restated a “hold” rating and set a GBX 200 ($2.47) price objective on shares of Hochschild Mining in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. lifted their target price 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.

Hochschild Mining Stock Down 16.3 %

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 £985.71 million, a PE ratio of 3,832.00, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The stock has a fifty day simple moving average of GBX 218.57 and a two-hundred day simple moving average of GBX 200.34.

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.