Hochschild Mining (LON:HOC) Stock Price Down 15.5% - Should You Sell?

Key Points

• Hochschild Mining's stock price fell by 15.5%, trading as low as GBX 246.20 ($3.32) from a previous close of GBX 306.40 ($4.13).
• Analysts remain mixed on the stock, with several maintaining a buy rating and issuing price targets ranging from GBX 300 to 390.
• The company has a market capitalization of £1.67 billion and operates three underground mines in the Americas, focusing primarily on high-grade silver and gold deposits.

Shares of Hochschild Mining plc (LON:HOC - Get Free Report) were down 15.5% on Wednesday . The stock traded as low as GBX 246.20 ($3.32) and last traded at GBX 258.80 ($3.49). Approximately 26,172,439 shares were traded during mid-day trading, an increase of 791% from the average daily volume of 2,936,395 shares. The stock had previously closed at GBX 306.40 ($4.14).

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on HOC shares. JPMorgan Chase & Co. decreased their price target on Hochschild Mining from GBX 390 to GBX 370 and set an "overweight" rating for the company in a research note on Thursday. Canaccord Genuity Group restated a "buy" rating and issued a GBX 365 price target on shares of Hochschild Mining in a research note on Wednesday, August 27th. UBS Group restated a "buy" rating and issued a GBX 300 price target on shares of Hochschild Mining in a research note on Friday, August 15th. Finally, Berenberg Bank decreased their price target on Hochschild Mining from GBX 300 to GBX 280 and set a "hold" rating for the company in a research note on Thursday. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of GBX 315.83.

Hochschild Mining Stock Up 6.8%

The firm has a market cap of £1.54 billion, a P/E ratio of 1,578.95, a price-to-earnings-growth 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 has a fifty day simple moving average of GBX 281.19 and a 200-day simple moving average of GBX 264.73.

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.