Hochschild Mining (LON:HOC) Shares Down 21.5% - Time to Sell?

Hochschild Mining plc (LON:HOC - Get Free Report)'s share price was down 21.5% on Tuesday . The stock traded as low as GBX 234 ($3.16) and last traded at GBX 236.33 ($3.19). Approximately 55,155,906 shares traded hands during mid-day trading, an increase of 1,459% from the average daily volume of 3,537,234 shares. The stock had previously closed at GBX 301.20 ($4.07).

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HOC. Canaccord Genuity Group raised 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. Royal Bank of Canada upgraded Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.65) target price on the stock in a research report on Thursday, March 13th. Finally, Berenberg Bank lowered their target price on Hochschild Mining from GBX 210 ($2.84) to GBX 200 ($2.70) and set a "hold" rating for the company in a report on Wednesday, March 12th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Hochschild Mining has a consensus rating of "Moderate Buy" and an average price target of GBX 290 ($3.92).

Hochschild Mining Price Performance

The business has a 50-day moving average price of GBX 282.03 and a 200 day moving average price of GBX 236.93. The stock has a market cap of £1.51 billion, a PE ratio of 49.53, a PEG ratio of 0.41 and a beta of 1.08. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86.

Hochschild Mining Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 8th will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, May 8th. This represents a yield of 0.6%. Hochschild Mining's dividend payout ratio is presently 85.32%.

Insider Activity

In other news, insider Eduardo Landin purchased 77,000 shares of the company's stock in a transaction on Thursday, April 24th. The stock was acquired at an average price of GBX 272 ($3.67) per share, with a total value of £209,440 ($282,759.55). 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.