Hochschild Mining (LON:HOC) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Hochschild Mining plc (LON:HOC)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 490.06 and traded as high as GBX 572. Hochschild Mining shares last traded at GBX 550.50, with a volume of 124,894,383 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HOC. Berenberg Bank raised their price target on Hochschild Mining from GBX 430 to GBX 570 and gave the stock a “hold” rating in a research note on Thursday, January 22nd. JPMorgan Chase & Co. upgraded Hochschild Mining to an “overweight” rating and upped their target price for the stock from GBX 890 to GBX 990 in a report on Thursday, March 12th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a GBX 750 target price on shares of Hochschild Mining in a research note on Thursday, March 12th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 590.

Hochschild Mining Stock Performance

The company has a quick ratio of 1.87, a current ratio of 0.99 and a debt-to-equity ratio of 47.67. The stock has a market capitalization of £2.73 billion, a P/E ratio of 18.29, a P/E/G ratio of 0.41 and a beta of 0.80. The business has a fifty day moving average price of GBX 676.29 and a 200-day moving average price of GBX 491.66.

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. The ore at our operations is processed into silver-gold concentrate or dore.

Hochschild Mining plc is listed on the Main Market of the London Stock Exchange and is headquartered in Lima, Peru.