Hochschild Mining (LON:HOC) Share Price Passes Above 200-Day Moving Average - Here's Why

Hochschild Mining plc (LON:HOC - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 196.24 ($2.43) and traded as high as GBX 214 ($2.65). Hochschild Mining shares last traded at GBX 214 ($2.65), with a volume of 396,579 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Canaccord Genuity Group raised their price objective on Hochschild Mining from GBX 220 ($2.72) to GBX 310 ($3.84) and gave the company a "buy" rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised their price target on shares of Hochschild Mining from GBX 310 ($3.84) to GBX 320 ($3.96) and gave the company an "overweight" rating in a research report on Friday, December 6th. Finally, Berenberg Bank reaffirmed a "hold" rating and issued a GBX 200 ($2.48) price objective on shares of Hochschild Mining in a research report on Wednesday, October 16th.

Hochschild Mining Price Performance

The stock has a market cap of £1.13 billion, a P/E ratio of 4,401.92, a P/E/G ratio of 0.41 and a beta of 1.08. The business has a 50 day simple moving average of GBX 221.25 and a 200-day simple moving average of GBX 196.60. The company has a debt-to-equity ratio of 55.11, a quick ratio of 1.87 and a current ratio of 0.89.

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.