Hochschild Mining (LON:HOC) Shares Pass Above 200-Day Moving Average – Here’s Why

Shares of Hochschild Mining plc (LON:HOC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 583.65 and traded as high as GBX 622.50. Hochschild Mining shares last traded at GBX 612, with a volume of 95,668,102 shares.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HOC. Jefferies Financial Group reiterated a “buy” rating and set a GBX 625 price objective on shares of Hochschild Mining in a research report on Wednesday, August 26th. Berenberg Bank upped their target price on shares of Hochschild Mining from GBX 570 to GBX 800 and gave the stock a “buy” rating in a research report on Friday, August 28th. Finally, JPMorgan Chase & Co. upgraded shares of Hochschild Mining to an “overweight” rating and upped their target price for the stock from GBX 820 to GBX 840 in a research report on Thursday, July 23rd. Five analysts have rated the stock with a Buy rating, According to MarketBeat, Hochschild Mining has a consensus rating of “Buy” and a consensus price target of GBX 671.

Hochschild Mining Stock Down 0.2%

The company has a quick ratio of 1.87, a current ratio of 1.08 and a debt-to-equity ratio of 27.51. The stock has a market capitalization of £3.15 billion, a P/E ratio of 10.55, a PEG ratio of 0.41 and a beta of 1.00. The company has a fifty day moving average price of GBX 528.81 and a 200-day moving average price of GBX 583.65.

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. 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.