Hochschild Mining (LON:HOC) Trading Down 11.6% – Time to Sell?

Hochschild Mining plc (LON:HOC) dropped 11.6% during mid-day trading on Wednesday . The company traded as low as GBX 187 ($2.31) and last traded at GBX 202.50 ($2.50). Approximately 7,682,984 shares changed hands during trading, an increase of 203% from the average daily volume of 2,532,928 shares. The stock had previously closed at GBX 229 ($2.82).

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Berenberg Bank reissued a “hold” rating and issued a GBX 200 ($2.47) price objective on shares of Hochschild Mining in a research note on Wednesday, October 16th. Canaccord Genuity Group boosted their price target on 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. Finally, JPMorgan Chase & Co. upped their price objective 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 Performance

The firm’s 50 day moving average is GBX 218.57 and its 200 day moving average is GBX 200.34. 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 cap of £1.01 billion, a P/E ratio of 3,920.00, a price-to-earnings-growth 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.