Hochschild Mining (LON:HOC) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Hochschild Mining plc (LON:HOC) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 198.10 ($2.42) and traded as high as GBX 234.50 ($2.86). Hochschild Mining shares last traded at GBX 228.50 ($2.79), with a volume of 1,171,757 shares traded.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HOC. Berenberg Bank reiterated a “hold” rating and set a GBX 200 ($2.44) price objective on shares of Hochschild Mining in a research report on Wednesday, October 16th. Canaccord Genuity Group increased their price target on Hochschild Mining from GBX 220 ($2.69) to GBX 310 ($3.79) and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. lifted their price objective on Hochschild Mining from GBX 310 ($3.79) to GBX 320 ($3.91) and gave the stock an “overweight” rating in a research report on Friday, December 6th.

Hochschild Mining Stock Down 1.5 %

The company has a debt-to-equity ratio of 55.11, a quick ratio of 1.87 and a current ratio of 0.89. The firm’s 50 day moving average price is GBX 219.78 and its two-hundred day moving average price is GBX 198.29. The company has a market cap of £1.16 billion, a P/E ratio of 4,501.44, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08.

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.