Hochschild Mining (LON:HOC) Shares Down 20.3% – Should You Sell?

Hochschild Mining plc (LON:HOC) was down 20.3% during trading on Tuesday . The stock traded as low as GBX 234 ($3.17) and last traded at GBX 240 ($3.25). Approximately 54,402,152 shares traded hands during mid-day trading, an increase of 1,441% from the average daily volume of 3,530,221 shares. The stock had previously closed at GBX 301.20 ($4.08).

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HOC. Canaccord Genuity Group increased their price target on Hochschild Mining from GBX 285 ($3.86) to GBX 370 ($5.01) and gave the company a “buy” rating in a report on Thursday, April 17th. Royal Bank of Canada raised Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.66) target price for the company in a research note on Thursday, March 13th. Finally, Berenberg Bank cut their price objective on shares of Hochschild Mining from GBX 210 ($2.85) to GBX 200 ($2.71) and set a “hold” rating for the company in a research report on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Hochschild Mining currently has a consensus rating of “Moderate Buy” and an average target price of GBX 290 ($3.93).

Hochschild Mining Stock Down 19.3%

The stock has a market capitalization of £1.58 billion, a price-to-earnings ratio of 51.83, a P/E/G ratio of 0.41 and a beta of 1.08. The business has a 50-day moving average of GBX 282.03 and a 200-day moving average of GBX 236.93. The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89.

Hochschild Mining Cuts Dividend

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

Insider Buying and Selling at Hochschild Mining

In other Hochschild Mining news, insider Eduardo Landin purchased 77,000 shares of the company’s stock in a transaction on Thursday, April 24th. The stock was acquired at an average price of GBX 272 ($3.69) per share, for a total transaction of £209,440 ($283,832.50). 38.71% of the stock is currently owned by corporate 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.