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

Hochschild Mining plc (LON:HOC) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 184.91 ($2.34) and traded as high as GBX 219.62 ($2.78). Hochschild Mining shares last traded at GBX 216.50 ($2.74), with a volume of 1,132,118 shares changing hands.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Berenberg Bank reaffirmed a “hold” rating and set a GBX 200 ($2.54) price objective on shares of Hochschild Mining in a research report on Wednesday, October 16th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 250 ($3.17) price objective on shares of Hochschild Mining in a report on Thursday, August 29th. Finally, Canaccord Genuity Group boosted their target price on Hochschild Mining from GBX 220 ($2.79) to GBX 310 ($3.93) and gave the company a “buy” rating in a research report on Thursday, October 24th.

Hochschild Mining Stock Performance

The firm has a market cap of £1.13 billion, a P/E ratio of 4,330.00, a PEG 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 55.11. The company’s 50-day moving average is GBX 202.23 and its two-hundred day moving average is GBX 184.91.

Hochschild Mining Company Profile

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.