Hochschild Mining (LON:HOC) Shares Cross Above 200 Day Moving Average - Should You Sell?

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 changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Canaccord Genuity Group boosted their target price on shares of Hochschild Mining from GBX 285 ($3.83) to GBX 370 ($4.97) and gave the company a "buy" rating in a research report on Thursday, April 17th. Royal Bank Of Canada upgraded shares of Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.62) target price for the company in a research report on Thursday, March 13th. Finally, Berenberg Bank lowered their price objective on shares of Hochschild Mining from GBX 210 ($2.82) to GBX 200 ($2.68) and set a "hold" rating for the company in a research report on Wednesday, March 12th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 290 ($3.89).

Hochschild Mining Stock Performance

The stock's 50-day moving average is GBX 278.24 and its 200-day moving average is GBX 238.76. The firm has a market capitalization of £1.60 billion, a price-to-earnings ratio of 52.47, a PEG ratio of 0.41 and a beta of 1.08. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86.

Insider Buying and Selling

In other Hochschild Mining news, insider Eduardo Landin bought 77,000 shares of Hochschild Mining stock in a transaction on Thursday, April 24th. The shares were purchased at an average cost of GBX 272 ($3.65) per share, with a total value of £209,440 ($281,165.26). 38.71% of the stock is owned by corporate insiders.

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.