Hochschild Mining (LON:HOC) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Hochschild Mining plc (LON:HOC) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 500.23 and traded as high as GBX 574.53. Hochschild Mining shares last traded at GBX 572.45, with a volume of 7,082,824 shares.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on HOC shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 750 price target on shares of Hochschild Mining in a research note on Thursday, March 12th. JPMorgan Chase & Co. raised shares of Hochschild Mining to an “overweight” rating and increased their price objective for the stock from GBX 890 to GBX 990 in a research report on Thursday, March 12th. Finally, Berenberg Bank raised their target price on Hochschild Mining from GBX 430 to GBX 570 and gave the company a “hold” rating in a research note on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 590.

Hochschild Mining Price Performance

The company has a quick ratio of 1.87, a current ratio of 0.99 and a debt-to-equity ratio of 47.67. The business has a 50-day moving average price of GBX 675.43 and a two-hundred day moving average price of GBX 500.23. The company has a market capitalization of £2.95 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 0.41 and a beta of 0.80.

Hochschild Mining Company Profile

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.