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

Hochschild Mining plc (LON:HOC) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 302.02 and traded as high as GBX 325.18. Hochschild Mining shares last traded at GBX 320.60, with a volume of 2,272,441 shares.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on HOC shares. JPMorgan Chase & Co. decreased their target price on Hochschild Mining from GBX 390 to GBX 370 and set an “overweight” rating on the stock in a research note on Thursday, August 28th. Canaccord Genuity Group upped their target price on Hochschild Mining from GBX 350 to GBX 465 and gave the stock a “buy” rating in a research note on Monday, October 13th. UBS Group restated a “buy” rating and issued a GBX 300 target price on shares of Hochschild Mining in a research note on Friday, August 15th. Berenberg Bank upped their target price on Hochschild Mining from GBX 380 to GBX 400 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. Finally, Peel Hunt restated a “buy” rating and issued a GBX 340 target price on shares of Hochschild Mining in a research note on Tuesday, October 7th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Hochschild Mining currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 357.50.

Hochschild Mining Price Performance

The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89. The stock has a market capitalization of £1.72 billion, a P/E ratio of 11.54, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The firm has a 50-day moving average price of GBX 346.62 and a 200 day moving average price of GBX 302.02.

Insider Activity at Hochschild Mining

In other news, insider Mike Sylvestre acquired 1,620 shares of Hochschild Mining stock in a transaction dated Thursday, October 30th. The shares were purchased at an average cost of GBX 331 per share, for a total transaction of £5,362.20. Company insiders own 43.62% of the company’s stock.

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.