Hochschild Mining (LON:HOC) Stock Crosses Above 200-Day Moving Average - What's Next?

Hochschild Mining plc (LON:HOC - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 242.47 ($3.26) and traded as high as GBX 274.60 ($3.69). Hochschild Mining shares last traded at GBX 271.02 ($3.64), with a volume of 1,158,163 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HOC. 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. Berenberg Bank increased their price objective on shares of Hochschild Mining from GBX 260 ($3.49) to GBX 300 ($4.03) and gave the stock a "hold" rating in a research note on Wednesday, July 2nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of GBX 310 ($4.16).

Hochschild Mining Trading Up 3.8%

The stock's 50 day moving average price is GBX 269.90 and its 200-day moving average price is GBX 243.88. The company has a quick ratio of 1.87, a current ratio of 0.89 and a debt-to-equity ratio of 61.86. The stock has a market capitalization of £1.87 billion, a PE ratio of 61.56, a PEG ratio of 0.41 and a beta of 1.08.

Insider Activity

In other news, insider Eduardo Landin acquired 77,000 shares of Hochschild Mining stock in a transaction dated 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 ($281,203.01). 38.71% of the stock is currently owned by company 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.