Shares of Hochschild Mining plc (LON:HOC – Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 238.18 ($3.20) and traded as high as GBX 252.86 ($3.39). Hochschild Mining shares last traded at GBX 245.20 ($3.29), with a volume of 2,796,608 shares changing hands.
Analyst Upgrades and Downgrades
HOC has been the subject of several research reports. Berenberg Bank reduced their price objective on Hochschild Mining from GBX 210 ($2.82) to GBX 200 ($2.68) and set a “hold” rating for the company in a report on Wednesday, March 12th. Royal Bank Of Canada raised Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.62) price objective for the company in a report on Thursday, March 13th. Finally, Canaccord Genuity Group increased their price objective on Hochschild Mining from GBX 285 ($3.82) to GBX 370 ($4.97) and gave the company a “buy” rating in a report on Thursday, April 17th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 290 ($3.89).
Check Out Our Latest Report on Hochschild Mining
Hochschild Mining Trading Down 2.0%
Insiders Place Their Bets
In related news, insider Eduardo Landin bought 77,000 shares of the company’s stock in a transaction on Thursday, April 24th. The shares were purchased at an average price of GBX 272 ($3.65) per share, for a total transaction of £209,440 ($281,052.07). Company insiders own 38.71% of the company’s stock.
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.
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