Hochschild Mining (LON:HOC) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

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

Wall Street Analysts Forecast Growth

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

Hochschild Mining Stock Down 1.5 %

The firm has a market capitalization of £1.16 billion, a price-to-earnings ratio of 4,501.44, a P/E/G ratio of 0.41 and a beta of 1.08. The company has a debt-to-equity ratio of 55.11, a current ratio of 0.89 and a quick ratio of 1.87. The stock has a fifty day moving average of GBX 219.78 and a two-hundred day moving average of GBX 198.29.

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.