Hochschild Mining (LON:HOC) Stock Price Down 11% - Should You Sell?

Key Points

• Hochschild Mining's stock experienced an 11% decline, trading as low as GBX 372 ($4.99) during mid-day on Tuesday, after closing at GBX 422 ($5.66).
• Multiple brokerages have issued ratings changes, including JPMorgan Chase lowering their target price from GBX 390 to GBX 370, while Canaccord Genuity raised theirs from GBX 350 to GBX 465.
• The company has a market cap of £1.86 billion and a current average rating of "Moderate Buy," with a consensus target price of GBX 347.86.

Hochschild Mining plc (LON:HOC - Get Free Report) fell 11% during mid-day trading on Tuesday . The company traded as low as GBX 372 ($4.99) and last traded at GBX 375.60 ($5.03). 4,078,686 shares changed hands during mid-day trading, an increase of 27% from the average session volume of 3,199,003 shares. The stock had previously closed at GBX 422 ($5.66).

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HOC. JPMorgan Chase & Co. dropped their target price on shares of Hochschild Mining from GBX 390 to GBX 370 and set an "overweight" rating for the company in a research report on Thursday, August 28th. UBS Group restated a "buy" rating and set a GBX 300 target price on shares of Hochschild Mining in a research report on Friday, August 15th. Berenberg Bank upped their target price on shares of Hochschild Mining from GBX 280 to GBX 380 and gave the stock a "hold" rating in a research report on Tuesday, October 7th. Canaccord Genuity Group upped their target price on shares of Hochschild Mining from GBX 350 to GBX 465 and gave the stock a "buy" rating in a research report on Monday, October 13th. Finally, Peel Hunt restated a "buy" rating and set a GBX 340 target price on shares of Hochschild Mining in a research report on Tuesday, October 7th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Hochschild Mining currently has an average rating of "Moderate Buy" and a consensus target price of GBX 347.86.

Hochschild Mining Trading Down 14.3%

The firm has a market cap of £1.86 billion, a PE ratio of 12.47, a P/E/G ratio of 0.41 and a beta of 1.08. 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's 50 day moving average price is GBX 337.38 and its two-hundred day moving average price is GBX 297.91.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.