Hochschild Mining (LON:HOC) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Hochschild Mining plc (LON:HOC) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 179.78 ($2.33) and traded as high as GBX 230.50 ($2.99). Hochschild Mining shares last traded at GBX 225.50 ($2.92), with a volume of 13,950,497 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HOC shares. Canaccord Genuity Group raised their price target on Hochschild Mining from GBX 220 ($2.85) to GBX 310 ($4.02) and gave the company a “buy” rating in a report on Thursday, October 24th. Berenberg Bank restated a “hold” rating and set a GBX 200 ($2.59) target price on shares of Hochschild Mining in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 250 ($3.24) price target on shares of Hochschild Mining in a research note on Thursday, August 29th.

Hochschild Mining Trading Up 0.2 %

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 stock has a market capitalization of £1.18 billion, a price-to-earnings ratio of 4,600.00, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The business has a fifty day simple moving average of GBX 193.93 and a 200 day simple moving average of GBX 180.12.

Hochschild Mining Company Profile

Hochschild Mining plc, a precious metals company, engages in the exploration, mining, processing, and sale of gold and silver deposits in Peru, Argentina, the United States, Canada, Brazil, and Chile. The company's flagship asset include the Inmaculada gold and silver underground mine located in the Ayacucho Department, southern Peru.