Hochschild Mining (LON:HOC) Stock Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Hochschild Mining's stock price has surpassed its 200-day moving average, trading as high as GBX 318.60 ($4.29), and last priced at GBX 308.60 ($4.15).
• Analysts have given the stock a mixed outlook, with JPMorgan Chase raising its target price to GBX 390 ($5.25) and stating an "overweight" rating, while Canaccord Genuity maintains a "buy" rating, and Berenberg holds a "hold" rating.
• The company operates three underground precious metals mines in South America and has a current market cap of £2.00 billion along with a debt-to-equity ratio of 61.86.

Hochschild Mining plc (LON:HOC - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 251.97 ($3.40) and traded as high as GBX 318.60 ($4.30). Hochschild Mining shares last traded at GBX 308.60 ($4.17), with a volume of 1,841,467 shares changing hands.

Analysts Set New Price Targets

HOC has been the subject of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of Hochschild Mining from GBX 370 ($5.00) to GBX 390 ($5.27) and gave the company an "overweight" rating in a report on Thursday, July 24th. Berenberg Bank reissued a "hold" rating and issued a GBX 300 ($4.05) price objective on shares of Hochschild Mining in a research note on Wednesday, July 23rd. Finally, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 365 ($4.93) price objective on shares of Hochschild Mining in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of GBX 327 ($4.41).

Hochschild Mining Trading Down 0.4%

The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89. The stock's fifty day moving average is GBX 273.03 and its 200 day moving average is GBX 254.03. The stock has a market cap of £1.94 billion, a P/E ratio of 63.87, a P/E/G 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.