Hochschild Mining (LON:HOC) Shares Pass Above 200-Day Moving Average – Should You Sell?

Hochschild Mining plc (LON:HOC) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 603.18 and traded as high as GBX 627. Hochschild Mining shares last traded at GBX 614.46, with a volume of 1,867,722 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HOC. Berenberg Bank reissued a “hold” rating and issued a GBX 590 price target on shares of Hochschild Mining in a report on Thursday, April 23rd. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 750 target price on shares of Hochschild Mining in a report on Thursday, March 12th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Hochschild Mining from GBX 990 to GBX 950 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hochschild Mining presently has a consensus rating of “Moderate Buy” and an average target price of GBX 586.

Hochschild Mining Stock Performance

The firm has a market capitalization of £2.80 billion, a PE ratio of 13.96, a PEG ratio of 0.41 and a beta of 0.97. The company has a quick ratio of 1.87, a current ratio of 0.99 and a debt-to-equity ratio of 47.67. The company has a 50-day moving average of GBX 612.57 and a 200 day moving average of GBX 604.38.

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. The ore at our operations is processed into silver-gold concentrate or dore.

Hochschild Mining plc is listed on the Main Market of the London Stock Exchange and is headquartered in Lima, Peru.