Hochschild Mining (LON:HOC) Shares Down 10.8% - Time to Sell?

Hochschild Mining plc (LON:HOC - Get Free Report) shares traded down 10.8% during mid-day trading on Wednesday . The stock traded as low as GBX 253.40 ($3.37) and last traded at GBX 272 ($3.62). 36,506,902 shares changed hands during mid-day trading, an increase of 860% from the average session volume of 3,803,515 shares. The stock had previously closed at GBX 305 ($4.06).

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Royal Bank of Canada raised shares of Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.59) price target on the stock in a research note on Thursday, March 13th. JPMorgan Chase & Co. restated an "overweight" rating and set a GBX 300 ($3.99) price target on shares of Hochschild Mining in a research report on Thursday, January 23rd. Berenberg Bank lowered their target price on Hochschild Mining from GBX 210 ($2.79) to GBX 200 ($2.66) and set a "hold" rating for the company in a research note on Wednesday, March 12th. Finally, Canaccord Genuity Group increased their target price on Hochschild Mining from GBX 285 ($3.79) to GBX 370 ($4.92) and gave the company a "buy" rating in a report on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 290 ($3.86).

Hochschild Mining Stock Up 1.9 %

The company's fifty day simple moving average is GBX 246 and its 200 day simple moving average is GBX 224.35. 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 market capitalization of £1.77 billion, a PE ratio of 58.23, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08.

Hochschild Mining Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 8th will be paid a $0.02 dividend. The ex-dividend date is Thursday, May 8th. This represents a dividend yield of 0.6%. Hochschild Mining's dividend payout ratio is presently 85.32%.

Insider Activity at Hochschild Mining

In related news, insider Eduardo Landin purchased 77,000 shares of the company's stock in a transaction dated Thursday, April 24th. The shares were purchased at an average price of GBX 272 ($3.62) per share, with a total value of £209,440 ($278,547.68). 38.71% of the stock is owned by insiders.

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.