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

Hochschild Mining plc (LON:HOC - Get Free Report)'s stock price passed 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 trading hands.

Analyst Upgrades and Downgrades

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

Hochschild Mining Stock Performance

The stock has a market cap of £1.16 billion, a price-to-earnings ratio of 4,501.44, a P/E/G ratio of 0.41 and a beta of 1.08. 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 company has a 50 day simple moving average of GBX 219.78 and a 200 day simple moving average of GBX 198.29.

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.