Hochschild Mining (LON:HOC) Stock Price Crosses Above Two Hundred Day Moving Average of $153.90

Hochschild Mining plc (LON:HOC)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 153.90 ($2.03) and traded as high as GBX 194 ($2.56). Hochschild Mining shares last traded at GBX 194 ($2.56), with a volume of 1,223,044 shares traded.

Analyst Upgrades and Downgrades

HOC has been the topic of a number of recent analyst reports. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 190 ($2.51) target price on shares of Hochschild Mining in a research report on Tuesday, May 14th. Berenberg Bank reissued a “hold” rating and issued a GBX 200 ($2.64) price objective on shares of Hochschild Mining in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Hochschild Mining from GBX 260 ($3.43) to GBX 250 ($3.30) and set an “overweight” rating on the stock in a research note on Wednesday, July 3rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Hochschild Mining presently has a consensus rating of “Moderate Buy” and an average price target of GBX 174 ($2.29).

Hochschild Mining Price Performance

The company has a 50 day moving average price of GBX 180.21 and a 200-day moving average price of GBX 153.90. The company has a market cap of £943.91 million, a price-to-earnings ratio of -2,425.00, a P/E/G ratio of 0.41 and a beta of 1.07. The company has a quick ratio of 1.87, a current ratio of 0.94 and a debt-to-equity ratio of 52.52.

Insiders Place Their Bets

In related news, insider Eduardo Landin acquired 72,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was acquired at an average cost of GBX 183 ($2.41) per share, for a total transaction of £132,675 ($174,963.73). Insiders own 38.71% of the company’s stock.

About Hochschild Mining

Hochschild Mining plc, a precious metals company, engages in the exploration, mining, processing, and sale of gold and silver deposits in Peru, Argentina, the United States, Canada, Brazil, and Chile. The company's flagship asset include the Inmaculada gold and silver underground mine located in the Ayacucho Department, southern Peru.