Hochschild Mining (LON:HOC) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Hochschild Mining plc (LON:HOC) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 184.91 ($2.34) and traded as high as GBX 219.62 ($2.78). Hochschild Mining shares last traded at GBX 216.50 ($2.74), with a volume of 1,132,118 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HOC. Berenberg Bank reissued a “hold” rating and set a GBX 200 ($2.54) target price on shares of Hochschild Mining in a report on Wednesday, October 16th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 250 ($3.17) price objective on shares of Hochschild Mining in a report on Thursday, August 29th. Finally, Canaccord Genuity Group lifted their target price on Hochschild Mining from GBX 220 ($2.79) to GBX 310 ($3.93) and gave the stock a “buy” rating in a report on Thursday, October 24th.

Hochschild Mining Stock Performance

The stock’s 50 day moving average price is GBX 202.23 and its 200 day moving average price is GBX 184.91. The company has a market capitalization of £1.13 billion, a P/E ratio of 4,330.00, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. 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

Hochschild Mining plc, a precious metals company, engages in the exploration, mining, processing, and sale of gold and silver deposits in Peru, Argentina, the United States, Canada, Brazil, and Chile. The company's flagship asset include the Inmaculada gold and silver underground mine located in the Ayacucho Department, southern Peru.