Hochschild Mining (LON:HOC) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Hochschild Mining plc (LON:HOC) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 198.10 ($2.42) and traded as high as GBX 234.50 ($2.86). Hochschild Mining shares last traded at GBX 228.50 ($2.79), with a volume of 1,171,757 shares traded.

Analyst Ratings Changes

Several research analysts recently commented on HOC shares. JPMorgan Chase & Co. increased their price target on Hochschild Mining from GBX 310 ($3.79) to GBX 320 ($3.91) and gave the company an “overweight” rating in a research report on Friday, December 6th. Berenberg Bank reissued a “hold” rating and issued a GBX 200 ($2.44) target price on shares of Hochschild Mining in a research note on Wednesday, October 16th. Finally, Canaccord Genuity Group upped their price target on shares of Hochschild Mining from GBX 220 ($2.69) to GBX 310 ($3.79) and gave the stock a “buy” rating in a research report on Thursday, October 24th.

Hochschild Mining Stock Down 1.5 %

The stock has a market cap of £1.16 billion, a P/E ratio of 4,501.44, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The firm has a 50 day simple moving average of GBX 219.78 and a 200-day simple moving average of GBX 198.29. The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 55.11.

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.