Hochschild Mining (LON:HOC) Shares Down 8.7% – Should You Sell?

Hochschild Mining plc (LON:HOC) traded down 8.7% during mid-day trading on Wednesday . The stock traded as low as GBX 468.20 and last traded at GBX 471. Approximately 208,350,531 shares traded hands during mid-day trading, an increase of 2,172% from the average daily volume of 9,169,662 shares. The stock had previously closed at GBX 516.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HOC. Berenberg Bank reiterated a “hold” rating and set a GBX 590 price target on shares of Hochschild Mining in a report on Thursday, April 23rd. JPMorgan Chase & Co. decreased their price objective on Hochschild Mining from GBX 990 to GBX 950 and set an “overweight” rating for the company in a report on Tuesday, April 7th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 750 target price on shares of Hochschild Mining in a research report on Thursday, March 12th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 586.

Hochschild Mining Trading Down 8.7%

The stock has a market cap of £2.42 billion, a P/E ratio of 12.08, a price-to-earnings-growth ratio of 0.41 and a beta of 0.97. The company has a debt-to-equity ratio of 47.67, a quick ratio of 1.87 and a current ratio of 0.99. The firm’s fifty day simple moving average is GBX 606.14 and its 200-day simple moving average is GBX 606.90.

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. The ore at our operations is processed into silver-gold concentrate or dore.

Hochschild Mining plc is listed on the Main Market of the London Stock Exchange and is headquartered in Lima, Peru.