Hochschild Mining (LON:HOC) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Hochschild Mining plc (LON:HOC) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.

Wall Street Analysts Forecast Growth

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

Hochschild Mining Price Performance

The company has a market capitalization of £1.18 billion, a price-to-earnings ratio of 4,589.98, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The company has a 50-day moving average price of GBX 219.79 and a 200-day moving average price of GBX 198.10. The company has a debt-to-equity ratio of 55.11, a quick ratio of 1.87 and a current ratio of 0.89.

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.