Hochschild Mining (LON:HOC) Stock Price Passes 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 Friday . The stock has a 200-day moving average of GBX 193.05 ($2.44) and traded as high as GBX 228 ($2.88). Hochschild Mining shares last traded at GBX 213 ($2.69), with a volume of 1,423,151 shares changing hands.

Analyst Upgrades and Downgrades

HOC has been the subject of several recent research reports. Berenberg Bank reiterated a “hold” rating and set a GBX 200 ($2.52) price target on shares of Hochschild Mining in a research report on Wednesday, October 16th. Canaccord Genuity Group lifted their price target on Hochschild Mining from GBX 220 ($2.78) to GBX 310 ($3.91) and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. lifted their price target on Hochschild Mining from GBX 310 ($3.91) to GBX 320 ($4.04) and gave the company an “overweight” rating in a research report on Friday, December 6th.

Hochschild Mining Stock Performance

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 firm has a fifty day simple moving average of GBX 218.67 and a 200 day simple moving average of GBX 193.05. The company has a market capitalization of £1.10 billion, a price-to-earnings ratio of 4,260.00, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08.

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.