Hochschild Mining (LON:HOC) Shares Cross Above 200-Day Moving Average – Time to Sell?

Hochschild Mining plc (LON:HOC)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 587.19 and traded as high as GBX 610. Hochschild Mining shares last traded at GBX 589.50, with a volume of 960,759 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HOC shares. JPMorgan Chase & Co. lowered their price target on shares of Hochschild Mining from GBX 990 to GBX 950 and set an “overweight” rating for the company in a report on Tuesday, April 7th. Berenberg Bank reiterated a “hold” rating and set a GBX 590 price target on shares of Hochschild Mining in a report on Thursday, April 23rd. Finally, Canaccord Genuity Group restated a “buy” rating and issued a GBX 750 price objective on shares of Hochschild Mining in a report on Thursday, March 12th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Hochschild Mining has an average rating of “Moderate Buy” and an average target price of GBX 586.

Hochschild Mining Stock Down 4.2%

The company has a current ratio of 0.99, a quick ratio of 1.87 and a debt-to-equity ratio of 47.67. The firm has a market capitalization of £3.03 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 0.41 and a beta of 0.99. The company’s fifty day simple moving average is GBX 619.69 and its 200 day simple moving average is GBX 587.19.

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.