Hochschild Mining (LON:HOC) Stock Price Down 14.2% - Should You Sell?

Key Points

• Hochschild Mining's stock fell by 14.2% to GBX 362.20 ($4.84) amid heightened trading volume on Tuesday.
• Analysts maintain a “Moderate Buy” consensus rating with target prices varying from GBX 300 to GBX 465.
• The company operates three underground mines in the Americas, specializing in high-grade silver and gold deposits.

Shares of Hochschild Mining plc (LON:HOC - Get Free Report) were down 14.2% on Tuesday . The stock traded as low as GBX 360 ($4.81) and last traded at GBX 362.20 ($4.84). Approximately 3,985,027 shares changed hands during trading, an increase of 25% from the average daily volume of 3,198,544 shares. The stock had previously closed at GBX 422 ($5.64).

Wall Street Analyst Weigh In

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

Hochschild Mining Stock Up 0.2%

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 firm has a 50 day simple moving average of GBX 338.60 and a 200-day simple moving average of GBX 298.36. The stock has a market cap of £1.87 billion, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08.

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.

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.