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

Hochschild Mining plc (LON:HOC)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 398.33 and traded as high as GBX 669. Hochschild Mining shares last traded at GBX 655.50, with a volume of 4,228,256 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Berenberg Bank boosted their target price on Hochschild Mining from GBX 430 to GBX 570 and gave the stock a “hold” rating in a research report on Thursday, January 22nd. Canaccord Genuity Group lifted their price objective on Hochschild Mining from GBX 490 to GBX 750 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Peel Hunt reiterated a “buy” rating and set a GBX 340 target price on shares of Hochschild Mining in a research report on Tuesday, October 7th. Finally, JPMorgan Chase & Co. lowered shares of Hochschild Mining to a “neutral” rating and raised their target price for the company from GBX 600 to GBX 670 in a report on Monday, January 19th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 483.33.

Hochschild Mining Price Performance

The firm has a market capitalization of £3.37 billion, a P/E ratio of 22.60, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86. The firm has a 50 day moving average price of GBX 521.33 and a 200-day moving average price of GBX 398.33.

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.