Hochschild Mining (LON:HOC) Trading Down 21.7% - Time to Sell?

Hochschild Mining plc (LON:HOC - Get Free Report) shares dropped 21.7% on Tuesday . The stock traded as low as GBX 231 ($3.12) and last traded at GBX 235.80 ($3.18). Approximately 56,159,953 shares traded hands during mid-day trading, an increase of 1,484% from the average daily volume of 3,546,362 shares. The stock had previously closed at GBX 301.20 ($4.07).

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Berenberg Bank reduced their target price on Hochschild Mining from GBX 210 ($2.84) to GBX 200 ($2.70) and set a "hold" rating for the company in a research note on Wednesday, March 12th. Royal Bank of Canada raised Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.65) target price on the stock in a research report on Thursday, March 13th. Finally, Canaccord Genuity Group boosted their price target on shares of Hochschild Mining from GBX 285 ($3.85) to GBX 370 ($5.00) and gave the company a "buy" rating in a research note on Thursday, April 17th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Hochschild Mining presently has a consensus rating of "Moderate Buy" and an average price target of GBX 290 ($3.92).

Hochschild Mining Price Performance

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 business has a 50-day moving average of GBX 281.19 and a 200 day moving average of GBX 236.90. The firm has a market capitalization of £1.59 billion, a PE ratio of 52.30, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08.

Insiders Place Their Bets

In other Hochschild Mining news, insider Eduardo Landin acquired 77,000 shares of Hochschild Mining stock in a transaction on Thursday, April 24th. The stock was purchased at an average price of GBX 272 ($3.67) per share, for a total transaction of £209,440 ($282,759.55). 38.71% of the stock is currently owned by insiders.

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.