Hochschild Mining (LON:HOC) Trading Down 20.1% - Time to Sell?

Hochschild Mining plc (LON:HOC - Get Free Report) traded down 20.1% during mid-day trading on Tuesday . The stock traded as low as GBX 234 ($3.18) and last traded at GBX 240.71 ($3.27). 53,906,352 shares traded hands during mid-day trading, an increase of 1,429% from the average session volume of 3,525,874 shares. The stock had previously closed at GBX 301.20 ($4.09).

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Berenberg Bank reduced their price target on Hochschild Mining from GBX 210 ($2.85) to GBX 200 ($2.71) and set a "hold" rating on the stock in a report on Wednesday, March 12th. Royal Bank of Canada raised Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.66) price objective on the stock in a research report on Thursday, March 13th. Finally, Canaccord Genuity Group lifted their target price on Hochschild Mining from GBX 285 ($3.87) to GBX 370 ($5.02) and gave the stock a "buy" rating in a research report on Thursday, April 17th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 290 ($3.93).

Hochschild Mining Stock Up 4.3%

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 stock has a market cap of £1.68 billion, a P/E ratio of 55.07, a P/E/G ratio of 0.41 and a beta of 1.08. The company's 50 day moving average price is GBX 281.06 and its two-hundred day moving average price is GBX 237.19.

Insider Buying and Selling at Hochschild Mining

In other Hochschild Mining news, insider Eduardo Landin purchased 77,000 shares of Hochschild Mining stock in a transaction dated Thursday, April 24th. The stock was acquired at an average price of GBX 272 ($3.69) per share, for a total transaction of £209,440 ($284,179.10). 38.71% of the stock is currently owned by corporate insiders.

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.