Hochschild Mining (LON:HOC) Shares Cross Above 200-Day Moving Average – Here’s Why

Hochschild Mining plc (LON:HOC)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 196.24 ($2.43) and traded as high as GBX 214 ($2.65). Hochschild Mining shares last traded at GBX 214 ($2.65), with a volume of 396,579 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on HOC shares. JPMorgan Chase & Co. boosted their price target on Hochschild Mining from GBX 310 ($3.84) to GBX 320 ($3.96) and gave the stock an “overweight” rating in a report on Friday, December 6th. Canaccord Genuity Group boosted their target price on shares of Hochschild Mining from GBX 220 ($2.72) to GBX 310 ($3.84) and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 200 ($2.48) price target on shares of Hochschild Mining in a research note on Wednesday, October 16th.

Hochschild Mining Stock Performance

The company’s fifty day moving average price is GBX 221.25 and its two-hundred day moving average price is GBX 196.60. 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 has a market capitalization of £1.15 billion, a PE ratio of 4,460.94, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08.

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.