Hochschild Mining (LON:HOC) Trading Down 14.2% - Should You Sell?

Key Points

• Hochschild Mining's shares experienced a 14.2% decline, closing at GBX 362.20 ($4.84) after dipping as low as GBX 360 ($4.81) during trading.
• Several analysts have revised their price targets for the stock, with a consensus rating of "Moderate Buy" and an average price target of GBX 347.86.
• The company operates three underground mines in the Americas and has a market cap of £1.86 billion, with a PE ratio of 12.49.

Shares of Hochschild Mining plc (LON:HOC - Get Free Report) traded down 14.2% during trading on Tuesday . The stock traded as low as GBX 360 ($4.81) and last traded at GBX 362.20 ($4.84). 3,985,027 shares were traded during mid-day trading, an increase of 25% from the average session volume of 3,198,544 shares. The stock had previously closed at GBX 422 ($5.64).

Analysts Set New Price Targets

Several research analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Hochschild Mining from GBX 390 to GBX 370 and set an "overweight" rating on the stock in a research note on Thursday, August 28th. Berenberg Bank raised their price target on shares of Hochschild Mining from GBX 280 to GBX 380 and gave the stock a "hold" rating in a research note on Tuesday, October 7th. Peel Hunt reaffirmed a "buy" rating and issued a GBX 340 price target on shares of Hochschild Mining in a research note on Tuesday, October 7th. UBS Group reissued a "buy" rating and set a GBX 300 target price on shares of Hochschild Mining in a research report on Friday, August 15th. Finally, Canaccord Genuity Group raised their target price on shares of Hochschild Mining from GBX 350 to GBX 465 and gave the company a "buy" rating in a research report on Monday, October 13th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of GBX 347.86.

Hochschild Mining Stock Down 14.2%

The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86. The firm has a market cap of £1.86 billion, a PE ratio of 12.49, a P/E/G ratio of 0.41 and a beta of 1.08. The business's 50-day simple moving average is GBX 338.60 and its 200 day simple moving average is GBX 298.36.

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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