Hochschild Mining (LON:HOC) Stock Price Down 13.7% - Should You Sell?

Hochschild Mining plc (LON:HOC - Get Free Report)'s stock price dropped 13.7% on Wednesday . The company traded as low as GBX 187 ($2.31) and last traded at GBX 197.67 ($2.44). Approximately 7,010,646 shares changed hands during trading, an increase of 182% from the average daily volume of 2,488,105 shares. The stock had previously closed at GBX 229 ($2.82).

Analyst Upgrades and Downgrades

HOC has been the subject of a number of research analyst reports. Canaccord Genuity Group increased their price objective on shares of Hochschild Mining from GBX 220 ($2.71) to GBX 310 ($3.82) and gave the stock a "buy" rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. increased their target price on shares of Hochschild Mining from GBX 310 ($3.82) to GBX 320 ($3.95) and gave the stock an "overweight" rating in a report on Friday, December 6th. Finally, Berenberg Bank reiterated a "hold" rating and set a GBX 200 ($2.47) target price on shares of Hochschild Mining in a report on Wednesday, October 16th.

Hochschild Mining Price Performance

The stock's fifty day moving average price is GBX 218.86 and its two-hundred day moving average price is GBX 200.64. The firm has a market capitalization of £994.97 million, a price-to-earnings ratio of 3,868.00, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 55.11.

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.