Hochschild Mining (LON:HOC) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Hochschild Mining plc (LON:HOC) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 603.18 and traded as high as GBX 627. Hochschild Mining shares last traded at GBX 614.46, with a volume of 1,867,722 shares changing hands.

Wall Street Analysts Forecast Growth

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

Hochschild Mining Stock Performance

The company has a debt-to-equity ratio of 47.67, a current ratio of 0.99 and a quick ratio of 1.87. The company has a fifty day moving average of GBX 613.15 and a 200-day moving average of GBX 603.18. The firm has a market capitalization of £3.16 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 0.41 and a beta of 0.98.

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.