Hochschild Mining (LON:HOC) Stock Price Down 16.4% - Should You Sell?

Key Points

• Hochschild Mining's share price saw a significant decline of 16.4%, dropping to GBX 256 ($3.45) during midday trading, compared to its previous close of GBX 306.40 ($4.13).
• Equities research analysts maintain a positive outlook for the company, with five assigning a "Buy" rating and a consensus price target of GBX 322.50.
• The company operates in the precious metals sector, focusing on both silver and gold, with three underground mines situated in Peru and Argentina.

Hochschild Mining plc (LON:HOC - Get Free Report)'s stock price was down 16.4% during trading on Wednesday . The stock traded as low as GBX 246.20 ($3.32) and last traded at GBX 256 ($3.46). Approximately 26,831,547 shares were traded during trading, an increase of 812% from the average daily volume of 2,940,637 shares. The stock had previously closed at GBX 306.40 ($4.14).

Analyst Ratings Changes

Several equities research analysts recently commented on HOC shares. JPMorgan Chase & Co. cut their target price on shares of Hochschild Mining from GBX 390 to GBX 370 and set an "overweight" rating on the stock in a research report on Thursday. UBS Group reiterated a "buy" rating and set a GBX 300 target price on shares of Hochschild Mining in a research report on Friday, August 15th. Canaccord Genuity Group restated a "buy" rating and issued a GBX 365 price target on shares of Hochschild Mining in a research report on Wednesday, August 27th. Finally, Berenberg Bank dropped their price target on shares of Hochschild Mining from GBX 300 to GBX 280 and set a "hold" rating on the stock in a research report on Thursday. Five investment 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.com, the stock has an average rating of "Moderate Buy" and an average price target of GBX 315.83.

Hochschild Mining Stock Up 6.8%

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 stock's 50-day moving average price is GBX 281.19 and its 200-day moving average price is GBX 264.73. The stock has a market cap of £1.54 billion, a price-to-earnings ratio of 1,578.95, 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.