Hochschild Mining (LON:HOC) Shares Pass Above 200 Day Moving Average – What’s Next?

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 242.47 ($3.29) and traded as high as GBX 274.60 ($3.73). Hochschild Mining shares last traded at GBX 271.02 ($3.68), with a volume of 1,158,163 shares traded.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HOC. Royal Bank Of Canada upgraded shares of Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.67) price objective for the company in a research note on Thursday, March 13th. Canaccord Genuity Group increased their price objective on shares of Hochschild Mining from GBX 285 ($3.87) to GBX 370 ($5.03) and gave the stock a “buy” rating in a research report on Thursday, April 17th. Finally, Berenberg Bank raised their target price on Hochschild Mining from GBX 260 ($3.53) to GBX 300 ($4.08) and gave the company a “hold” rating in a research note on Wednesday, July 2nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 310 ($4.21).

Hochschild Mining Stock Down 0.1%

The firm has a market cap of £1.76 billion, a P/E ratio of 57.76, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The stock’s 50 day simple moving average is GBX 269.54 and its 200 day simple moving average is GBX 242.47. The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89.

Insider Activity

In other Hochschild Mining news, insider Eduardo Landin bought 77,000 shares of the stock in a transaction that occurred on Thursday, April 24th. The shares were bought at an average price of GBX 272 ($3.70) per share, for a total transaction of £209,440 ($284,526.56). 38.71% of the stock is owned by corporate 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.