Hochschild Mining (LON:HOC) Trading Down 10.7% - Should You Sell?

Hochschild Mining plc (LON:HOC - Get Free Report) was down 10.7% during mid-day trading on Wednesday . The company traded as low as GBX 253.40 ($3.36) and last traded at GBX 272.45 ($3.61). Approximately 36,261,516 shares changed hands during mid-day trading, an increase of 854% from the average daily volume of 3,800,538 shares. The stock had previously closed at GBX 305 ($4.04).

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HOC shares. Royal Bank of Canada raised shares of Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.58) price objective on the stock in a report on Thursday, March 13th. Berenberg Bank dropped their price target on Hochschild Mining from GBX 210 ($2.78) to GBX 200 ($2.65) and set a "hold" rating on the stock in a research note on Wednesday, March 12th. Canaccord Genuity Group raised their price objective on Hochschild Mining from GBX 285 ($3.78) to GBX 370 ($4.90) and gave the stock a "buy" rating in a research note on Thursday, April 17th. Finally, JPMorgan Chase & Co. reiterated an "overweight" rating and issued a GBX 300 ($3.98) target price on shares of Hochschild Mining in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 290 ($3.84).

Hochschild Mining Trading Down 11.1 %

The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86. The firm has a market cap of £1.76 billion, a price-to-earnings ratio of 57.85, a PEG ratio of 0.41 and a beta of 1.08. The company has a fifty day moving average price of GBX 241.31 and a 200-day moving average price of GBX 222.54.

Hochschild Mining Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 8th will be issued a $0.02 dividend. This represents a yield of 0.6%. The ex-dividend date is Thursday, May 8th. Hochschild Mining's payout ratio is presently 85.32%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.