Hochschild Mining (LON:HOC) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Hochschild Mining plc (LON:HOC)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 183.06 ($2.38) and traded as high as GBX 238.58 ($3.11). Hochschild Mining shares last traded at GBX 229 ($2.98), with a volume of 772,677 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have commented on HOC shares. Canaccord Genuity Group upped their price objective on shares of Hochschild Mining from GBX 220 ($2.86) to GBX 310 ($4.04) and gave the stock a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 250 ($3.25) price target on shares of Hochschild Mining in a research note on Thursday, August 29th. Finally, Berenberg Bank restated a “hold” rating and issued a GBX 200 ($2.60) price objective on shares of Hochschild Mining in a report on Wednesday, October 16th.

Hochschild Mining Trading Down 2.6 %

The stock’s fifty day moving average price is GBX 198.83 and its 200 day moving average price is GBX 183.06. The stock has a market cap of £1.18 billion, a P/E ratio of 4,580.00, a PEG ratio of 0.41 and a beta of 1.08. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 55.11.

Hochschild Mining Company Profile

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.