Hochschild Mining (LON:HOC) Trading Down 22.9% - Time to Sell?

Hochschild Mining plc (LON:HOC - Get Free Report)'s stock price was down 22.9% during trading on Wednesday . The company traded as low as GBX 231 ($3.14) and last traded at GBX 232.20 ($3.15). Approximately 6,865,773 shares were traded during mid-day trading, an increase of 122% from the average daily volume of 3,098,233 shares. The stock had previously closed at GBX 301.20 ($4.09).

Analysts Set New Price Targets

A number of equities analysts recently commented on HOC shares. Canaccord Genuity Group increased their price objective on Hochschild Mining from GBX 285 ($3.87) to GBX 370 ($5.02) and gave the stock 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 ($3.67) price objective on the stock in a report on Thursday, March 13th. Finally, Berenberg Bank dropped their price objective on Hochschild Mining from GBX 210 ($2.85) to GBX 200 ($2.72) and set a "hold" rating on the stock in a report on Wednesday, March 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Hochschild Mining has an average rating of "Moderate Buy" and a consensus price target of GBX 290 ($3.94).

Hochschild Mining Trading Up 4.3%

The company has a market capitalization of £1.68 billion, a price-to-earnings ratio of 55.07, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The business has a fifty day moving average price of GBX 281.01 and a 200 day moving average price of GBX 237.50. The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87.

Insider Activity at Hochschild Mining

In related news, insider Eduardo Landin purchased 77,000 shares of the stock in a transaction on Thursday, April 24th. The shares were purchased at an average cost of GBX 272 ($3.69) per share, for a total transaction of £209,440 ($284,372.03). 38.71% of the stock is currently owned by corporate insiders.

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.