Hochschild Mining (LON:HOC) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Hochschild Mining plc (LON:HOC) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 184.91 ($2.34) and traded as high as GBX 219.62 ($2.78). Hochschild Mining shares last traded at GBX 216.50 ($2.74), with a volume of 1,132,118 shares traded.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HOC. Berenberg Bank reissued a “hold” rating and set a GBX 200 ($2.53) price target on shares of Hochschild Mining in a report on Wednesday, October 16th. Canaccord Genuity Group raised their price target on Hochschild Mining from GBX 220 ($2.78) to GBX 310 ($3.92) and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 250 ($3.16) price objective on shares of Hochschild Mining in a research note on Thursday, August 29th.

Hochschild Mining Price Performance

The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 55.11. The company has a 50 day moving average of GBX 204.62 and a 200 day moving average of GBX 185.85. The firm has a market cap of £1.17 billion, a price-to-earnings ratio of 4,460.00, a P/E/G ratio of 0.41 and a beta of 1.08.

About Hochschild Mining

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.