Hochschild Mining (LON:HOC) Stock Price Down 22.9% - Here's Why

Shares of Hochschild Mining plc (LON:HOC - Get Free Report) fell 22.9% on Tuesday . The stock traded as low as GBX 231 ($3.13) and last traded at GBX 232.20 ($3.15). 6,865,773 shares traded hands during mid-day trading, an increase of 122% from the average session volume of 3,098,233 shares. The stock had previously closed at GBX 301.20 ($4.08).

Wall Street Analysts Forecast Growth

HOC has been the subject of a number of recent analyst reports. Canaccord Genuity Group raised their price target on shares of Hochschild Mining from GBX 285 ($3.86) to GBX 370 ($5.02) and gave the company a "buy" rating in a report on Thursday, April 17th. Royal Bank of Canada raised shares of Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.66) price objective for the company in a research report on Thursday, March 13th. Finally, Berenberg Bank lowered their target price on Hochschild Mining from GBX 210 ($2.85) to GBX 200 ($2.71) and set a "hold" rating for the company in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Hochschild Mining has an average rating of "Moderate Buy" and an average target price of GBX 290 ($3.93).

Hochschild Mining Stock Performance

The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89. The company has a market capitalization of £1.61 billion, a PE ratio of 52.81, a PEG ratio of 0.41 and a beta of 1.08. The company has a 50 day moving average price of GBX 281.07 and a 200 day moving average price of GBX 236.95.

Insider Activity at Hochschild Mining

In other news, insider Eduardo Landin purchased 77,000 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The shares were acquired at an average cost of GBX 272 ($3.69) per share, with a total value of £209,440 ($283,909.45). 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.