Hochschild Mining (LON:HOC) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Hochschild Mining plc (LON:HOC)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

Analyst Upgrades and Downgrades

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

Hochschild Mining Trading Down 1.5 %

The firm has a market capitalization of £1.16 billion, a price-to-earnings ratio of 4,501.44, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The business’s fifty day moving average is GBX 219.78 and its 200 day moving average is 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.

About Hochschild Mining

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.