Hochschild Mining (LON:HOC) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Hochschild Mining plc (LON:HOCGet Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 298.36 ($3.99) and traded as high as GBX 425.03 ($5.68). Hochschild Mining shares last traded at GBX 362.20 ($4.84), with a volume of 3,985,027 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on HOC shares. UBS Group reiterated a “buy” rating and set a GBX 300 price target on shares of Hochschild Mining in a report on Friday, August 15th. Canaccord Genuity Group lifted their price target on Hochschild Mining from GBX 350 to GBX 465 and gave the company a “buy” rating in a report on Monday, October 13th. Berenberg Bank lifted their price target on Hochschild Mining from GBX 280 to GBX 380 and gave the company a “hold” rating in a report on Tuesday, October 7th. Peel Hunt reiterated a “buy” rating and set a GBX 340 price target on shares of Hochschild Mining in a report on Tuesday, October 7th. Finally, JPMorgan Chase & Co. lowered their price target on Hochschild Mining from GBX 390 to GBX 370 and set an “overweight” rating on the stock in a report on Thursday, August 28th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Hochschild Mining presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 347.86.

Get Our Latest Report on Hochschild Mining

Hochschild Mining Stock Up 0.7%

The business has a 50 day simple moving average of GBX 338.60 and a 200 day simple moving average of GBX 298.36. The company has a debt-to-equity ratio of 61.86, a current ratio of 0.89 and a quick ratio of 1.87. The stock has a market cap of £1.88 billion, a PE ratio of 12.58, a P/E/G ratio of 0.41 and a beta of 1.08.

About Hochschild Mining

(Get Free Report)

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.

Further Reading

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