Hochschild Mining (LON:HOC) Stock Price Down 14.9% - Should You Sell?

Key Points

• Hochschild Mining's stock price dropped by 14.9% to GBX 260.80 ($3.52) on Wednesday, marking a significant decline from its previous closing price of GBX 306.40 ($4.13).
• Analysts maintain a generally positive outlook, with five out of six rating the stock as a "Buy" and a average target price of GBX 322.50.
• The company operates three underground mines focused on precious metals in the Americas and currently has a market capitalization of £1.69 billion.

Hochschild Mining plc (LON:HOC - Get Free Report)'s share price fell 14.9% during trading on Wednesday . The company traded as low as GBX 246.20 ($3.32) and last traded at GBX 260.80 ($3.52). 27,281,076 shares changed hands during mid-day trading, an increase of 827% from the average session volume of 2,943,362 shares. The stock had previously closed at GBX 306.40 ($4.13).

Analyst Ratings Changes

A number of research firms have commented on HOC. UBS Group reaffirmed a "buy" rating and set a GBX 300 price target on shares of Hochschild Mining in a research report on Friday, August 15th. Berenberg Bank reaffirmed a "hold" rating and set a GBX 300 target price on shares of Hochschild Mining in a report on Wednesday, July 23rd. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 365 price target on shares of Hochschild Mining in a research note on Wednesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Hochschild Mining from GBX 370 to GBX 390 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of GBX 322.50.

Hochschild Mining Price Performance

The company has a market cap of £1.69 billion, a P/E ratio of 55.63, a P/E/G ratio of 0.41 and a beta of 1.08. The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89. The firm's fifty day moving average is GBX 279.30 and its two-hundred day moving average is GBX 262.43.

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.