Hochschild Mining (LON:HOC) Stock Price Down 22.9% – Time to Sell?

Hochschild Mining plc (LON:HOC)’s share price was 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). Approximately 6,865,773 shares changed hands during trading, an increase of 122% from the average daily volume of 3,098,233 shares. The stock had previously closed at GBX 301.20 ($4.10).

Wall Street Analyst Weigh In

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

Hochschild Mining Stock Up 0.5%

The firm’s 50 day moving average price is GBX 281.06 and its two-hundred day moving average price is GBX 237.19. The company has a market cap of £1.62 billion, a P/E ratio of 53.10, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89.

Insider Activity

In related news, insider Eduardo Landin acquired 77,000 shares of the stock in a transaction dated Thursday, April 24th. The stock was bought at an average price of GBX 272 ($3.70) per share, for a total transaction of £209,440 ($285,146.36). 38.71% of the stock is currently owned by company 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.