Hochschild Mining (LON:HOC) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Hochschild Mining plc (LON:HOC - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 238.18 ($3.20) and traded as high as GBX 252.86 ($3.39). Hochschild Mining shares last traded at GBX 245.20 ($3.29), with a volume of 2,796,608 shares trading hands.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HOC. Canaccord Genuity Group boosted their price objective on Hochschild Mining from GBX 285 ($3.82) to GBX 370 ($4.97) and gave the company a "buy" rating in a research note on Thursday, April 17th. Berenberg Bank dropped their price target on Hochschild Mining from GBX 210 ($2.82) to GBX 200 ($2.68) and set a "hold" rating on the stock in a research note on Wednesday, March 12th. Finally, Royal Bank Of Canada raised Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.62) price target on the stock in a research note on Thursday, March 13th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 290 ($3.89).

Hochschild Mining Price Performance

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 business has a fifty day simple moving average of GBX 279.93 and a 200 day simple moving average of GBX 238.18. The stock has a market capitalization of £1.59 billion, a P/E ratio of 52.30, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08.

Insiders Place Their Bets

In related news, insider Eduardo Landin acquired 77,000 shares of the firm's stock in a transaction on Thursday, April 24th. The stock was purchased at an average cost of GBX 272 ($3.65) per share, with a total value of £209,440 ($281,052.07). Corporate insiders own 38.71% of the company's stock.

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.

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