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

Hochschild Mining plc (LON:HOC - Get Free Report) crossed 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.

Wall Street Analysts Forecast Growth

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

Hochschild Mining Stock Up 4.2 %

The company has a market capitalization of £1.16 billion, a PE ratio of 4,580.00, a PEG 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 stock's 50 day moving average is GBX 203.34 and its 200 day moving average is GBX 185.34.

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.