Hochschild Mining (LON:HOC) Stock Price Down 20.3% - Time to Sell?

Hochschild Mining plc (LON:HOC - Get Free Report) shares traded down 20.3% during trading on Tuesday . The stock traded as low as GBX 234 ($3.18) and last traded at GBX 240 ($3.26). 54,402,152 shares were traded during trading, an increase of 1,441% from the average session volume of 3,530,221 shares. The stock had previously closed at GBX 301.20 ($4.09).

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Berenberg Bank decreased their price target on Hochschild Mining from GBX 210 ($2.85) to GBX 200 ($2.71) and set a "hold" rating for the company in a research note on Wednesday, March 12th. Royal Bank of Canada raised Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.66) target price for the company in a research report on Thursday, March 13th. Finally, Canaccord Genuity Group raised their price target on shares of Hochschild Mining from GBX 285 ($3.87) to GBX 370 ($5.02) and gave the company a "buy" rating in a report on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of GBX 290 ($3.93).

Hochschild Mining Stock Performance

The business's fifty day moving average is GBX 281.06 and its 200-day moving average is GBX 237.19. The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 61.86. The company has a market cap of £1.68 billion, a PE ratio of 55.07, a P/E/G ratio of 0.41 and a beta of 1.08.

Insiders Place Their Bets

In other news, insider Eduardo Landin bought 77,000 shares of the firm's stock in a transaction on Thursday, April 24th. The shares were bought at an average price of GBX 272 ($3.69) per share, for a total transaction of £209,440 ($284,179.10). Insiders own 38.71% of the company's stock.

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.