Hochschild Mining (LON:HOC) Trading Down 10.1% - Time to Sell?

Hochschild Mining plc (LON:HOC - Get Free Report)'s share price was down 10.1% on Wednesday . The company traded as low as GBX 253.40 ($3.40) and last traded at GBX 274.27 ($3.68). Approximately 4,977,883 shares were traded during trading, an increase of 46% from the average daily volume of 3,399,466 shares. The stock had previously closed at GBX 305 ($4.10).

Analyst Upgrades and Downgrades

Several research firms have recently commented on HOC. Canaccord Genuity Group upped their price target on Hochschild Mining from GBX 285 ($3.83) to GBX 370 ($4.97) and gave the stock a "buy" rating in a research note on Thursday, April 17th. JPMorgan Chase & Co. restated an "overweight" rating and set a GBX 300 ($4.03) price objective on shares of Hochschild Mining in a research report on Thursday, January 23rd. Royal Bank of Canada raised shares of Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.63) target price on the stock in a report on Thursday, March 13th. Finally, Berenberg Bank cut their price target on shares of Hochschild Mining from GBX 210 ($2.82) to GBX 200 ($2.69) and set a "hold" rating for the company in a report on Wednesday, March 12th. One 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 presently has an average rating of "Moderate Buy" and a consensus price target of GBX 290 ($3.90).

Hochschild Mining Stock Performance

The company has a market capitalization of £1.80 billion, a PE ratio of 59.00, a P/E/G ratio of 0.41 and a beta of 1.08. The stock has a 50-day simple moving average of GBX 247.68 and a 200 day simple moving average of GBX 225. The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87.

Hochschild Mining Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 8th will be issued a dividend of $0.02 per share. The ex-dividend date is Thursday, May 8th. This represents a yield of 0.6%. Hochschild Mining's dividend payout ratio (DPR) is currently 85.32%.

Insiders Place Their Bets

In related news, insider Eduardo Landin acquired 77,000 shares of Hochschild Mining stock in a transaction dated Thursday, April 24th. The shares were acquired at an average cost of GBX 272 ($3.65) per share, for a total transaction of £209,440 ($281,391.91). 38.71% of the stock is currently owned by company 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.