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

Hochschild Mining plc (LON:HOC - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 199.87 ($2.43) and traded as high as GBX 232 ($2.82). Hochschild Mining shares last traded at GBX 220.50 ($2.68), with a volume of 1,754,615 shares changing hands.

Analyst Ratings Changes

HOC has been the subject of a number of research analyst reports. Canaccord Genuity Group raised their target price on Hochschild Mining from GBX 220 ($2.68) to GBX 310 ($3.77) and gave the stock a "buy" rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised their price objective on Hochschild Mining from GBX 310 ($3.77) to GBX 320 ($3.89) and gave the stock an "overweight" rating in a research note on Friday, December 6th. Finally, Berenberg Bank reiterated a "hold" rating and issued a GBX 200 ($2.43) target price on shares of Hochschild Mining in a research report on Wednesday, October 16th.

Hochschild Mining Trading Down 3.3 %

The stock has a market cap of £1.13 billion, a PE ratio of 4,410.00, a PEG ratio of 0.41 and a beta of 1.08. The company's fifty day moving average is GBX 218.74 and its 200-day moving average is GBX 199.87. The company has a debt-to-equity ratio of 55.11, a current ratio of 0.89 and a quick ratio of 1.87.

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.