Hochschild Mining (LON:HOC) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Hochschild Mining plc (LON:HOC) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 194.68 ($2.44) and traded as high as GBX 217 ($2.72). Hochschild Mining shares last traded at GBX 212 ($2.66), with a volume of 372,142 shares.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on HOC shares. Berenberg Bank reiterated a “hold” rating and issued a GBX 200 ($2.51) target price on shares of Hochschild Mining in a report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price target on shares of Hochschild Mining from GBX 310 ($3.89) to GBX 320 ($4.01) and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, Canaccord Genuity Group increased their price objective on shares of Hochschild Mining from GBX 220 ($2.76) to GBX 310 ($3.89) and gave the company a “buy” rating in a research note on Thursday, October 24th.

Hochschild Mining Stock Performance

The business has a 50-day moving average of GBX 223.03 and a two-hundred day moving average of GBX 195.04. The company has a debt-to-equity ratio of 55.11, a current ratio of 0.89 and a quick ratio of 1.87. The company has a market cap of £1.09 billion, a P/E ratio of 4,240.00, a P/E/G ratio of 0.41 and a beta of 1.08.

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.