Hochschild Mining (LON:HOC) Shares Cross Above 200 Day Moving Average - Here's Why

Hochschild Mining plc (LON:HOC - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 183.06 ($2.38) and traded as high as GBX 238.58 ($3.11). Hochschild Mining shares last traded at GBX 229 ($2.98), with a volume of 772,677 shares traded.

Analyst Ratings Changes

Several equities analysts have recently weighed in on HOC shares. JPMorgan Chase & Co. reiterated an "overweight" rating and set a GBX 250 ($3.25) price objective on shares of Hochschild Mining in a report on Thursday, August 29th. Canaccord Genuity Group lifted their price target on shares of Hochschild Mining from GBX 220 ($2.86) to GBX 310 ($4.04) and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, Berenberg Bank reissued a "hold" rating and set a GBX 200 ($2.60) price objective on shares of Hochschild Mining in a research report on Wednesday, October 16th.

Hochschild Mining Price Performance

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 has a 50 day simple moving average of GBX 198.83 and a 200 day simple moving average of GBX 183.06. The stock has a market cap of £1.18 billion, a P/E ratio of 4,580.00, a PEG ratio of 0.41 and a beta of 1.08.

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.