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

Hochschild Mining plc (LON:HOC - Get Free Report)'s stock price was down 22.9% on Tuesday . The stock traded as low as GBX 231 ($3.12) and last traded at GBX 232.20 ($3.13). Approximately 6,863,396 shares changed hands during mid-day trading, an increase of 122% from the average daily volume of 3,098,211 shares. The stock had previously closed at GBX 301.20 ($4.07).

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Berenberg Bank dropped their target price 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 research report on Wednesday, March 12th. Canaccord Genuity Group upped their price objective on shares of 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. Finally, Royal Bank of Canada raised shares of Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.65) price objective on the stock in a research report on Thursday, March 13th. 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 company has an average rating of "Moderate Buy" and a consensus price target of GBX 290 ($3.92).

Hochschild Mining Price Performance

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 business's fifty day moving average price is GBX 281.19 and its 200-day moving average price is GBX 236.90. The stock has a market capitalization of £1.59 billion, a price-to-earnings ratio of 52.30, a PEG ratio of 0.41 and a beta of 1.08.

Insider Activity

In other news, insider Eduardo Landin bought 77,000 shares of the firm's stock in a transaction that occurred on Thursday, April 24th. The shares were acquired at an average price of GBX 272 ($3.67) per share, with a total value of £209,440 ($282,759.55). 38.71% of the stock is currently owned by corporate insiders.

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.