Hochschild Mining (LON:HOC) Shares Down 22.9% – Should You Sell?

Hochschild Mining plc (LON:HOC)’s share price traded down 22.9% during mid-day trading on Wednesday . The stock traded as low as GBX 231 ($3.14) and last traded at GBX 232.20 ($3.16). 6,865,773 shares were traded during trading, an increase of 122% from the average session volume of 3,098,233 shares. The stock had previously closed at GBX 301.20 ($4.10).

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Canaccord Genuity Group raised their target price on Hochschild Mining from GBX 285 ($3.88) to GBX 370 ($5.04) and gave the company a “buy” rating in a research report on Thursday, April 17th. Berenberg Bank lowered their price target on Hochschild Mining from GBX 210 ($2.86) to GBX 200 ($2.72) and set a “hold” rating on the stock in a report on Wednesday, March 12th. Finally, Royal Bank of Canada upgraded Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.68) target price for the company in a research report on Thursday, March 13th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 290 ($3.95).

Hochschild Mining Stock Performance

The stock has a market capitalization of £1.60 billion, a P/E ratio of 52.52, a P/E/G ratio of 0.41 and a beta of 1.08. 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 business has a fifty day moving average price of GBX 281.06 and a 200-day moving average price of GBX 237.19.

Insider Transactions at Hochschild Mining

In other Hochschild Mining news, insider Eduardo Landin bought 77,000 shares of the business’s stock in a transaction that occurred on Thursday, April 24th. The stock was purchased at an average price of GBX 272 ($3.70) per share, for a total transaction of £209,440 ($285,146.36). Corporate insiders own 38.71% of the company’s stock.

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.