Hochschild Mining (LON:HOC) Trading Down 14.2% - Time to Sell?

Key Points

• Hochschild Mining's shares plummeted by 14.2% during mid-day trading, with the stock trading as low as GBX 246.20 ($3.32).
• Despite the recent decline, several analysts maintain a positive outlook, with a consensus rating of "Moderate Buy" and a price target of GBX 322.50.
• The company, a significant player in underground precious metals production, has a debt-to-equity ratio of 61.86 and a P/E ratio of 56.14.

Shares of Hochschild Mining plc (LON:HOC - Get Free Report) were down 14.2% during mid-day trading on Wednesday . The stock traded as low as GBX 246.20 ($3.32) and last traded at GBX 262.74 ($3.54). Approximately 27,191,867 shares were traded during trading, an increase of 824% from the average daily volume of 2,942,821 shares. The stock had previously closed at GBX 306.40 ($4.13).

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on HOC shares. Berenberg Bank reissued 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 reaffirmed a "buy" rating and issued a GBX 365 target price on shares of Hochschild Mining in a research note on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Hochschild Mining from GBX 370 to GBX 390 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Finally, UBS Group reaffirmed a "buy" rating and issued a GBX 300 target price on shares of Hochschild Mining in a research note on Friday, August 15th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Hochschild Mining has a consensus rating of "Moderate Buy" and a consensus price target of GBX 322.50.

Hochschild Mining Stock Performance

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 firm has a market capitalization of £1.71 billion, a P/E ratio of 56.14, a P/E/G ratio of 0.41 and a beta of 1.08. The stock's 50 day moving average is GBX 279.30 and its two-hundred day moving average is GBX 262.43.

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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