Hochschild Mining (LON:HOC) Stock Price Down 9.3% - Time to Sell?

Key Points

• Hochschild Mining's stock price plummeted by 9.3%, closing at GBX 278 ($3.75) on Thursday, significantly below its previous close of GBX 306.40 ($4.14).
• Despite the drop, several brokerages maintain favorable outlooks, with five analysts rating the stock as a Buy and one as a Hold, reflecting a consensus price target of GBX 322.50.
• Hochschild Mining has a market capitalization of £1.77 billion and operates primarily in the Americas, focusing on high-grade silver and gold deposits.

Hochschild Mining plc (LON:HOC - Get Free Report) fell 9.3% during trading on Thursday . The company traded as low as GBX 246.20 ($3.32) and last traded at GBX 278 ($3.75). 7,855,000 shares changed hands during trading, an increase of 178% from the average session volume of 2,825,628 shares. The stock had previously closed at GBX 306.40 ($4.14).

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HOC. JPMorgan Chase & Co. lifted their price target on shares of Hochschild Mining from GBX 370 to GBX 390 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Berenberg Bank reiterated a "hold" rating and set a GBX 300 price target 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 report on Wednesday. Finally, UBS Group restated a "buy" rating and issued a GBX 300 target price on shares of Hochschild Mining in a report on Friday, August 15th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Hochschild Mining presently has an average rating of "Moderate Buy" and a consensus price target of GBX 322.50.

Hochschild Mining Stock Performance

The stock has a 50-day simple moving average of GBX 279.96 and a 200-day simple moving average of GBX 262.54. 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 stock has a market cap of £1.77 billion, a PE ratio of 58.18, a P/E/G 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.

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