Hochschild Mining (LON:HOC) Share Price Passes Above 200 Day Moving Average - Here's Why

Key Points

• Hochschild Mining's share price has crossed above its 200-day moving average, reaching a high of GBX 278.80 ($3.68) during recent trading.
• Analysts have mixed ratings on the stock, with one hold rating and four buy ratings, and the average price target set at GBX 327 ($4.32).
• The company has a market cap of £1.80 billion and operates three underground mines in South America, focusing on high-grade silver and gold deposits.

Hochschild Mining plc (LON:HOC - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 248.70 ($3.31) and traded as high as GBX 278.80 ($3.71). Hochschild Mining shares last traded at GBX 278.80 ($3.71), with a volume of 1,040,939 shares trading hands.

Analysts Set New Price Targets

Several research firms have commented on HOC. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 365 ($4.85) price objective on shares of Hochschild Mining in a report on Wednesday, July 23rd. Berenberg Bank reaffirmed a "hold" rating and set a GBX 300 ($3.99) price objective on shares of Hochschild Mining in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Hochschild Mining from GBX 370 ($4.92) to GBX 390 ($5.18) and gave the stock an "overweight" rating in a report on Thursday, July 24th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Hochschild Mining presently has a consensus rating of "Moderate Buy" and an average target price of GBX 327 ($4.35).

Hochschild Mining Price Performance

The firm has a market cap of £1.95 billion, a price-to-earnings ratio of 64.12, a P/E/G ratio of 0.41 and a beta of 1.08. The business's 50-day simple moving average is GBX 269.64 and its two-hundred day simple moving average is GBX 250.06. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86.

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.