Hochschild Mining (LON:HOC) Shares Pass Above 200 Day Moving Average - Time to Sell?

Shares of Hochschild Mining plc (LON:HOC - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 198.10 ($2.42) and traded as high as GBX 234.50 ($2.86). Hochschild Mining shares last traded at GBX 228.50 ($2.79), with a volume of 1,171,757 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on HOC shares. JPMorgan Chase & Co. raised their target price on shares of Hochschild Mining from GBX 310 ($3.79) to GBX 320 ($3.91) and gave the stock an "overweight" rating in a report on Friday, December 6th. Canaccord Genuity Group upped their target price on Hochschild Mining from GBX 220 ($2.69) to GBX 310 ($3.79) and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, Berenberg Bank reissued a "hold" rating and set a GBX 200 ($2.44) target price on shares of Hochschild Mining in a research report on Wednesday, October 16th.

Hochschild Mining Stock Performance

The stock's 50-day simple moving average is GBX 219.78 and its 200 day simple moving average is GBX 198.29. The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 55.11. The stock has a market capitalization of £1.16 billion, a price-to-earnings ratio of 4,501.44, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08.

About Hochschild Mining

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.