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

Hochschild Mining plc (LON:HOC)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 574.70 and traded as high as GBX 594. Hochschild Mining shares last traded at GBX 572, with a volume of 828,468 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on HOC shares. JPMorgan Chase & Co. lowered their price target on shares of Hochschild Mining from GBX 990 to GBX 950 and set an “overweight” rating for the company in a report on Tuesday, April 7th. Berenberg Bank reissued a “hold” rating and set a GBX 590 price objective on shares of Hochschild Mining in a report on Thursday, April 23rd. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 750 target price on shares of Hochschild Mining in a research report on Thursday, March 12th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Hochschild Mining presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 586.

Hochschild Mining Trading Down 2.4%

The company has a market capitalization of £2.94 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 0.41 and a beta of 0.99. The company has a current ratio of 0.99, a quick ratio of 1.87 and a debt-to-equity ratio of 47.67. The firm has a 50-day moving average price of GBX 622.89 and a 200-day moving average price of GBX 574.70.

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.