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

Hochschild Mining plc (LON:HOC)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 194.68 ($2.44) and traded as high as GBX 217 ($2.72). Hochschild Mining shares last traded at GBX 212 ($2.66), with a volume of 372,142 shares traded.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Hochschild Mining from GBX 310 ($3.89) to GBX 320 ($4.01) and gave the stock an “overweight” rating in a research note on Friday, December 6th. Canaccord Genuity Group raised their target price on Hochschild Mining from GBX 220 ($2.76) to GBX 310 ($3.89) and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 200 ($2.51) price target on shares of Hochschild Mining in a research note on Wednesday, October 16th.

Hochschild Mining Trading Down 0.5 %

The company has a market capitalization of £1.09 billion, a price-to-earnings ratio of 4,240.00, a P/E/G ratio of 0.41 and a beta of 1.08. The company has a debt-to-equity ratio of 55.11, a quick ratio of 1.87 and a current ratio of 0.89. The business’s 50-day simple moving average is GBX 222.70 and its 200-day simple moving average is GBX 194.68.

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.