Hochschild Mining (LON:HOC) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Hochschild Mining plc (LON:HOC) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 239.24 ($3.28) and traded as high as GBX 261.20 ($3.58). Hochschild Mining shares last traded at GBX 258.42 ($3.55), with a volume of 1,733,024 shares.

Wall Street Analyst Weigh In

HOC has been the topic of a number of recent analyst reports. Royal Bank Of Canada raised shares of Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.71) price objective on the stock in a research report on Thursday, March 13th. Berenberg Bank reduced their price target on Hochschild Mining from GBX 210 ($2.88) to GBX 200 ($2.74) and set a “hold” rating on the stock in a report on Wednesday, March 12th. Finally, Canaccord Genuity Group boosted their price objective on Hochschild Mining from GBX 285 ($3.91) to GBX 370 ($5.08) and gave the company a “buy” rating in a report on Thursday, April 17th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 290 ($3.98).

Hochschild Mining Price Performance

The firm has a market capitalization of £1.68 billion, a P/E ratio of 55.12, a P/E/G ratio of 0.41 and a beta of 1.08. The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89. The stock’s 50 day simple moving average is GBX 273.37 and its 200 day simple moving average is GBX 239.24.

Insider Buying and Selling

In other news, insider Eduardo Landin acquired 77,000 shares of the business’s stock in a transaction on Thursday, April 24th. The stock was bought at an average cost of GBX 272 ($3.73) per share, for a total transaction of £209,440 ($287,415.95). 38.71% of the stock is owned by insiders.

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.