Hochschild Mining (LON:HOC) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Hochschild Mining plc (LON:HOC) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 199.87 ($2.43) and traded as high as GBX 232 ($2.82). Hochschild Mining shares last traded at GBX 220.50 ($2.68), with a volume of 1,754,615 shares.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HOC. Canaccord Genuity Group lifted their price objective on Hochschild Mining from GBX 220 ($2.68) to GBX 310 ($3.77) and gave the company a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. boosted their price target on shares of Hochschild Mining from GBX 310 ($3.77) to GBX 320 ($3.89) and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 200 ($2.43) price objective on shares of Hochschild Mining in a research report on Wednesday, October 16th.

Hochschild Mining Stock Performance

The firm has a 50 day moving average of GBX 218.74 and a two-hundred day moving average of GBX 199.87. 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 stock has a market cap of £1.13 billion, a PE ratio of 4,410.00, a PEG ratio of 0.41 and a beta of 1.08.

Hochschild Mining Company Profile

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.