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

Key Points

• Hochschild Mining shares have crossed above their 200-day moving average, signaling potential upward momentum, with the stock currently trading at GBX 306.40.
• Equity analysts have given a consensus rating of "Moderate Buy", with price targets ranging from GBX 300 to GBX 390 from various firms including UBS and JPMorgan Chase.
• The company has a market capitalization of £1.68 billion and maintains a debt-to-equity ratio of 61.86, indicating a strong leverage position in the market.

Shares of Hochschild Mining plc (LON:HOC - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 262.43 ($3.54) and traded as high as GBX 314.20 ($4.24). Hochschild Mining shares last traded at GBX 306.40 ($4.14), with a volume of 2,642,724 shares changing hands.

Analysts Set New Price Targets

A number of research firms have weighed in on HOC. UBS Group reissued a "buy" rating and issued a GBX 300 target price on shares of Hochschild Mining in a report on Friday, August 15th. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 365 target price on shares of Hochschild Mining in a research report on Wednesday. JPMorgan Chase & Co. cut their target price on Hochschild Mining from GBX 390 to GBX 370 and set an "overweight" rating for the company in a research report on Thursday. Finally, Berenberg Bank cut their target price on Hochschild Mining from GBX 300 to GBX 280 and set a "hold" rating for the company in a research report on Thursday. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 315.83.

Hochschild Mining Trading Up 3.1%

The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86. The stock has a 50-day simple moving average of GBX 281.19 and a two-hundred day simple moving average of GBX 264.23. The firm has a market capitalization of £1.45 billion, a P/E ratio of 1,478.95, a price-to-earnings-growth 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.