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

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 198.10 ($2.44) and traded as high as GBX 234.50 ($2.89). Hochschild Mining shares last traded at GBX 228.50 ($2.81), with a volume of 1,171,757 shares.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HOC shares. Berenberg Bank restated a “hold” rating and set a GBX 200 ($2.46) target price on shares of Hochschild Mining in a research report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their target price on shares of Hochschild Mining from GBX 310 ($3.81) to GBX 320 ($3.94) and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Canaccord Genuity Group boosted their target price on shares of Hochschild Mining from GBX 220 ($2.71) to GBX 310 ($3.81) and gave the company a “buy” rating in a research report on Thursday, October 24th.

Hochschild Mining Stock Up 0.4 %

The firm has a market cap of £1.18 billion, a PE ratio of 4,589.98, a PEG ratio of 0.41 and a beta of 1.08. 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 business’s 50 day moving average price is GBX 219.79 and its 200 day moving average price is GBX 198.10.

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.