Hochschild Mining (LON:HOC) Stock Price Down 20.1% - Should You Sell?

Hochschild Mining plc (LON:HOC - Get Free Report)'s stock price dropped 20.1% on Tuesday . The company traded as low as GBX 231 ($3.12) and last traded at GBX 240.80 ($3.25). Approximately 55,753,047 shares traded hands during mid-day trading, an increase of 1,474% from the average daily volume of 3,542,663 shares. The stock had previously closed at GBX 301.20 ($4.07).

Analysts Set New Price Targets

HOC has been the topic of a number of recent analyst reports. Royal Bank of Canada upgraded shares of Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.65) price target on the stock in a report on Thursday, March 13th. Berenberg Bank lowered their price target on shares of Hochschild Mining from GBX 210 ($2.84) to GBX 200 ($2.70) and set a "hold" rating on the stock in a report on Wednesday, March 12th. Finally, Canaccord Genuity Group increased their price objective on Hochschild Mining from GBX 285 ($3.85) to GBX 370 ($5.00) and gave the company a "buy" rating in a report on Thursday, April 17th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Hochschild Mining currently has an average rating of "Moderate Buy" and an average target price of GBX 290 ($3.92).

Hochschild Mining Trading Up 5.6%

The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87. The stock has a market cap of £1.59 billion, a price-to-earnings ratio of 52.30, a P/E/G ratio of 0.41 and a beta of 1.08. The company's fifty day moving average price is GBX 281.19 and its 200-day moving average price is GBX 236.90.

Insider Activity

In other Hochschild Mining news, insider Eduardo Landin purchased 77,000 shares of the business's stock in a transaction that occurred on Thursday, April 24th. The shares were bought at an average price of GBX 272 ($3.67) per share, for a total transaction of £209,440 ($282,759.55). Corporate insiders own 38.71% of the company's stock.

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.