Hochschild Mining (LON:HOC) Shares Pass Above 200-Day Moving Average - Here's What Happened

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.

Hochschild Mining plc (LON:HOC - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 262.43 ($3.55) and traded as high as GBX 314.20 ($4.26). Hochschild Mining shares last traded at GBX 306.40 ($4.15), with a volume of 2,642,724 shares traded.

Wall Street Analysts Forecast Growth

HOC has been the topic of several recent research reports. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 365 price objective on shares of Hochschild Mining in a research report on Wednesday, August 27th. Berenberg Bank reduced their target price on shares of Hochschild Mining from GBX 300 to GBX 280 and set a "hold" rating on the stock in a report on Thursday. JPMorgan Chase & Co. reduced their target price on shares of Hochschild Mining from GBX 390 to GBX 370 and set an "overweight" rating on the stock in a report on Thursday. Finally, UBS Group restated a "buy" rating and issued a GBX 300 target price on shares of Hochschild Mining in a report on Friday, August 15th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Hochschild Mining has an average rating of "Moderate Buy" and an average price target of GBX 315.83.

Hochschild Mining Stock Performance

The stock's 50 day moving average price is GBX 282.21 and its 200 day moving average price is GBX 265.42. 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 company has a market cap of £1.54 billion, a price-to-earnings ratio of 1,578.95, 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.