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

Hochschild Mining plc (LON:HOC) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 421.93 and traded as high as GBX 696.50. Hochschild Mining shares last traded at GBX 683.23, with a volume of 1,893,670 shares traded.

Analysts Set New Price Targets

Several research firms have commented on HOC. JPMorgan Chase & Co. lowered Hochschild Mining to a “neutral” rating and boosted their price objective for the stock from GBX 600 to GBX 670 in a research note on Monday, January 19th. Canaccord Genuity Group boosted 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. Finally, Berenberg Bank raised their price objective on Hochschild Mining from GBX 430 to GBX 570 and gave the company a “hold” rating in a report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Hochschild Mining has an average rating of “Moderate Buy” and a consensus price target of GBX 483.33.

Hochschild Mining Price Performance

The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87. The stock has a 50 day simple moving average of GBX 571.76 and a two-hundred day simple moving average of GBX 421.93. The company has a market cap of £3.51 billion, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08.

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.