Hochschild Mining (LON:HOC) Trading Down 9.4% - Time to Sell?

Shares of Hochschild Mining plc (LON:HOC - Get Free Report) fell 9.4% on Wednesday . The stock traded as low as GBX 253.40 ($3.36) and last traded at GBX 276.38 ($3.66). 36,603,004 shares changed hands during mid-day trading, an increase of 862% from the average session volume of 3,804,916 shares. The stock had previously closed at GBX 305 ($4.04).

Analysts Set New Price Targets

A number of equities research analysts have issued reports 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 for the company in a report on Thursday, March 13th. Canaccord Genuity Group raised their target price on shares of Hochschild Mining from GBX 285 ($3.78) to GBX 370 ($4.90) and gave the company a "buy" rating in a research note on Thursday, April 17th. Berenberg Bank decreased their price target on shares of 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. Finally, JPMorgan Chase & Co. reissued an "overweight" rating and set a GBX 300 ($3.98) price objective on shares of Hochschild Mining in a 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 290 ($3.84).

Hochschild Mining Trading Down 9.4 %

The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 61.86. The stock's 50 day moving average is GBX 241.31 and its 200-day moving average is GBX 222.54. The company has a market cap of £1.79 billion, a PE ratio of 58.95, a P/E/G ratio of 0.41 and a beta of 1.08.

Hochschild Mining Cuts Dividend

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

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.

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