Hochschild Mining (LON:HOC) Shares Down 14.1% - Should You Sell?

Key Points

• Hochschild Mining's shares fell by 14.1%, trading as low as GBX 246.20 ($3.32) during a significant increase in trading volume.
• Analysts are generally positive, with five research analysts rating the stock as a "Buy" and projected price targets ranging from GBX 300 to GBX 390.
• The company has a market capitalization of £1.71 billion and a P/E ratio of 56.14, indicating a relatively high valuation compared to its earnings.

Hochschild Mining plc (LON:HOC - Get Free Report)'s share price dropped 14.1% during mid-day trading on Wednesday . The stock traded as low as GBX 246.20 ($3.32) and last traded at GBX 263.20 ($3.55). Approximately 27,211,451 shares traded hands during trading, an increase of 825% from the average daily volume of 2,942,939 shares. The stock had previously closed at GBX 306.40 ($4.14).

Analyst Ratings Changes

Several research analysts have weighed in on the company. UBS Group reissued a "buy" rating and issued a GBX 300 price objective on shares of Hochschild Mining in a research report on Friday, August 15th. JPMorgan Chase & Co. dropped their price target on Hochschild Mining from GBX 390 to GBX 370 and set an "overweight" rating on the stock in a research report on Thursday. Berenberg Bank decreased their price objective on Hochschild Mining from GBX 300 to GBX 280 and set a "hold" rating on the stock in a research note on Thursday. Finally, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 365 price objective on shares of Hochschild Mining in a research note on Wednesday, August 27th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of GBX 315.83.

Hochschild Mining Price Performance

The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86. The firm has a fifty day moving average of GBX 281.19 and a two-hundred day moving average of GBX 264.73. The company has a market capitalization of £1.54 billion, a PE ratio of 1,578.95, 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.