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

Hochschild Mining plc (LON:HOC)’s share price fell 15.5% during mid-day trading on Wednesday . The stock traded as low as GBX 186 ($2.29) and last traded at GBX 193.40 ($2.38). 9,867,523 shares traded hands during 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).

Analysts Set New Price Targets

Several brokerages recently issued reports on HOC. Berenberg Bank reaffirmed a “hold” rating and set a GBX 200 ($2.47) price target on shares of Hochschild Mining in a report on Wednesday, October 16th. JPMorgan Chase & Co. lifted their price target on shares of Hochschild Mining from GBX 310 ($3.82) to GBX 320 ($3.95) and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, Canaccord Genuity Group boosted 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 report on Thursday, October 24th.

Hochschild Mining Stock 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 stock has a market capitalization of £994.97 million, a P/E ratio of 3,868.00, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The stock’s fifty day simple moving average is GBX 218.86 and its two-hundred day simple moving average is GBX 200.64.

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.