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

Hochschild Mining plc (LON:HOC - Get Free Report)'s share price dropped 22.9% during mid-day trading on Tuesday . The stock traded as low as GBX 231 ($3.13) and last traded at GBX 232.20 ($3.15). Approximately 6,865,773 shares were traded during trading, an increase of 122% from the average daily volume of 3,098,233 shares. The stock had previously closed at GBX 301.20 ($4.08).

Analyst Ratings Changes

HOC has been the subject of several research analyst reports. Berenberg Bank dropped their target price on shares of Hochschild Mining from GBX 210 ($2.85) to GBX 200 ($2.71) and set a "hold" rating for the company in a research report on Wednesday, March 12th. Royal Bank of Canada upgraded shares of Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.66) price objective for the company in a report on Thursday, March 13th. Finally, Canaccord Genuity Group boosted their price objective on shares of Hochschild Mining from GBX 285 ($3.86) to GBX 370 ($5.02) and gave the stock a "buy" rating in a report on Thursday, April 17th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of GBX 290 ($3.93).

Hochschild Mining Stock Up 5.6%

The stock's fifty day moving average is GBX 281.07 and its 200 day moving average is GBX 236.95. 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 company has a market capitalization of £1.59 billion, a P/E ratio of 52.30, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08.

Insider Transactions at Hochschild Mining

In other Hochschild Mining news, insider Eduardo Landin acquired 77,000 shares of the stock in a transaction dated Thursday, April 24th. The shares were purchased at an average price of GBX 272 ($3.69) per share, for a total transaction of £209,440 ($283,909.45). 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.