Hochschild Mining (LON:HOC) Trading Down 11% - Should You Sell?

Key Points

• The share price of Hochschild Mining has decreased by 11%, trading between GBX 372 ($4.99) and GBX 375.60 ($5.03) after closing at GBX 422 ($5.66).
• Analysts' price targets for Hochschild Mining vary, with JPMorgan Chase lowering their target to GBX 370 while Canaccord Genuity raised theirs to GBX 465, reflecting differing outlooks on the company's performance.
• Hochschild Mining has an average rating of "Moderate Buy" from 6 investment analysts, with an average target price set at GBX 347.86.

Hochschild Mining plc (LON:HOC - Get Free Report)'s share price traded down 11% on Tuesday . The stock traded as low as GBX 372 ($4.99) and last traded at GBX 375.60 ($5.03). 4,078,686 shares were traded during trading, an increase of 27% from the average session volume of 3,199,003 shares. The stock had previously closed at GBX 422 ($5.66).

Analysts Set New Price Targets

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

Hochschild Mining Stock Performance

The company has a market cap of £1.93 billion, a P/E ratio of 12.95, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The stock has a 50 day moving average price of GBX 337.38 and a two-hundred day moving average price of GBX 297.91. The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 61.86.

About Hochschild Mining

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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