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

Hochschild Mining plc (LON:HOC)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 179.78 ($2.33) and traded as high as GBX 230.50 ($2.99). Hochschild Mining shares last traded at GBX 225.50 ($2.92), with a volume of 13,950,497 shares.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HOC. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 250 ($3.24) price target on shares of Hochschild Mining in a research note on Thursday, August 29th. Canaccord Genuity Group upped their target price on shares of Hochschild Mining from GBX 220 ($2.85) to GBX 310 ($4.02) and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 200 ($2.59) price target on shares of Hochschild Mining in a research note on Wednesday, October 16th.

Hochschild Mining Stock Down 0.6 %

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 £1.18 billion, a price-to-earnings ratio of 4,510.00, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The firm’s 50-day moving average is GBX 193.11 and its 200 day moving average is GBX 179.78.

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.