Hochschild Mining (LON:HOC) Trading Down 21.5% – Should You Sell?

Hochschild Mining plc (LON:HOC)’s stock price traded down 21.5% during mid-day trading on Tuesday . The company traded as low as GBX 234 ($3.17) and last traded at GBX 236.33 ($3.20). 55,155,906 shares traded hands during mid-day trading, an increase of 1,459% from the average session volume of 3,537,234 shares. The stock had previously closed at GBX 301.20 ($4.08).

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HOC. Royal Bank of Canada raised Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.66) price target on the stock in a research report on Thursday, March 13th. Berenberg Bank reduced their price target on shares of Hochschild Mining from GBX 210 ($2.85) to GBX 200 ($2.71) and set a “hold” rating on the stock in a research report on Wednesday, March 12th. Finally, Canaccord Genuity Group upped their target price on Hochschild Mining from GBX 285 ($3.86) to GBX 370 ($5.02) and gave the stock a “buy” rating in a report on Thursday, April 17th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Hochschild Mining presently has an average rating of “Moderate Buy” and an average price target of GBX 290 ($3.93).

Hochschild Mining Trading Down 1.3%

The stock’s 50 day simple moving average is GBX 281.07 and its two-hundred day simple moving average is GBX 236.95. The stock has a market capitalization of £1.57 billion, a PE ratio of 51.60, a PEG ratio of 0.41 and a beta of 1.08. The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87.

Insider Activity at Hochschild Mining

In related news, insider Eduardo Landin acquired 77,000 shares of Hochschild Mining stock in a transaction dated Thursday, April 24th. The shares were purchased 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 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.