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

Hochschild Mining plc (LON:HOC) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 398.33 and traded as high as GBX 669. Hochschild Mining shares last traded at GBX 655.50, with a volume of 4,228,256 shares changing hands.

Wall Street Analyst Weigh In

HOC has been the subject of a number of analyst reports. Canaccord Genuity Group upped their price target on Hochschild Mining from GBX 490 to GBX 750 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Peel Hunt reiterated a “buy” rating and set a GBX 340 price objective on shares of Hochschild Mining in a research note on Tuesday, October 7th. JPMorgan Chase & Co. lowered shares of Hochschild Mining to a “neutral” rating and increased their target price for the stock from GBX 600 to GBX 670 in a report on Monday, January 19th. Finally, Berenberg Bank lifted their price target on shares of Hochschild Mining from GBX 430 to GBX 570 and gave the company a “hold” rating in a report on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 483.33.

Hochschild Mining Stock Performance

The firm has a market capitalization of £3.37 billion, a PE ratio of 22.60, a price-to-earnings-growth 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 business’s fifty day simple moving average is GBX 521.33 and its 200-day simple moving average is GBX 398.33.

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. The ore at our operations is processed into silver-gold concentrate or dore.

Hochschild Mining plc is listed on the Main Market of the London Stock Exchange and is headquartered in Lima, Peru.