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

Key Points

• Stock breakout: Hochschild Mining's shares crossed above their 200-day moving average (GBX 490.06), trading as high as GBX 572 and last at GBX 550.50 on a volume of 124,894,383.
• Analyst sentiment: Four analysts rate the stock Buy and one rates it Hold, giving a consensus "Moderate Buy" and a consensus target price of GBX 590, with JPMorgan notably raising its rating to "overweight" and boosting its target to GBX 990.
• Company and valuation: The precious-metals miner (three underground mines in Peru and Argentina) has a market cap of £2.83 billion, a P/E of 18.98, PEG of 0.41, and debt/equity of 47.67.

Hochschild Mining plc (LON:HOC - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 490.06 and traded as high as GBX 572. Hochschild Mining shares last traded at GBX 550.50, with a volume of 124,894,383 shares changing hands.

Analyst Upgrades and Downgrades

HOC has been the topic of several research analyst reports. Canaccord Genuity Group restated a "buy" rating and issued a GBX 750 price objective on shares of Hochschild Mining in a research report on Thursday, March 12th. JPMorgan Chase & Co. raised Hochschild Mining to an "overweight" rating and lifted their target price for the company from GBX 890 to GBX 990 in a research note on Thursday, March 12th. Finally, Berenberg Bank boosted their price target on Hochschild Mining from GBX 430 to GBX 570 and gave the stock a "hold" rating in a report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Hochschild Mining presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 590.

Hochschild Mining Price Performance

The company has a market cap of £2.83 billion, a P/E ratio of 18.98, a PEG ratio of 0.41 and a beta of 0.80. The firm's 50-day moving average is GBX 676.14 and its two-hundred day moving average is GBX 490.06. The company has a debt-to-equity ratio of 47.67, a current ratio of 0.99 and a quick ratio of 1.87.

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. The ore at our operations is processed into silver-gold concentrate or dore. Hochschild Mining plc is listed on the Main Market of the London Stock Exchange and is headquartered in Lima, Peru.

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