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

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 199.87 ($2.43) and traded as high as GBX 232 ($2.82). Hochschild Mining shares last traded at GBX 220.50 ($2.68), with a volume of 1,754,615 shares trading hands.

Analyst Ratings Changes

Several brokerages have recently issued reports on HOC. JPMorgan Chase & Co. raised their target price on shares of Hochschild Mining from GBX 310 ($3.77) to GBX 320 ($3.89) and gave the stock an “overweight” rating in a report on Friday, December 6th. Berenberg Bank reissued a “hold” rating and issued a GBX 200 ($2.43) price target on shares of Hochschild Mining in a report on Wednesday, October 16th. Finally, Canaccord Genuity Group upped their price objective on shares of Hochschild Mining from GBX 220 ($2.68) to GBX 310 ($3.77) and gave the company a “buy” rating in a research note on Thursday, October 24th.

Hochschild Mining Trading Down 3.3 %

The company has a market cap of £1.13 billion, a PE ratio of 4,410.00, a PEG ratio of 0.41 and a beta of 1.08. The stock has a 50 day moving average price of GBX 218.74 and a 200 day moving average price of GBX 199.87. The company has a current ratio of 0.89, a quick ratio of 1.87 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.