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

Key Points

• Hochschild Mining's stock has crossed above its 200-day moving average, reaching a price of GBX 387.86 ($5.17) after trading as high as GBX 391.09 ($5.22) during the session.
• Analyst reports show a consensus rating of "Moderate Buy" for Hochschild Mining, with six analysts giving a Buy rating and a consensus target price of GBX 347.86.
• The company operates three underground mines in South America, focusing on high grade silver and gold deposits, with over 50 years of operating experience in the region.

Hochschild Mining plc (LON:HOC - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 292.35 ($3.90) and traded as high as GBX 391.09 ($5.22). Hochschild Mining shares last traded at GBX 387.86 ($5.17), with a volume of 4,817,910 shares.

Analyst Ratings Changes

HOC has been the subject of a number of recent analyst reports. Peel Hunt reaffirmed a "buy" rating and issued a GBX 340 price objective on shares of Hochschild Mining in a report on Tuesday, October 7th. UBS Group reiterated a "buy" rating and issued a GBX 300 target price on shares of Hochschild Mining in a report on Friday, August 15th. JPMorgan Chase & Co. reduced their target price on shares of Hochschild Mining from GBX 390 to GBX 370 and set an "overweight" rating on the stock in a report on Thursday, August 28th. Berenberg Bank increased their price objective on shares of Hochschild Mining from GBX 280 to GBX 380 and gave the company a "hold" rating in a research report on Tuesday, October 7th. Finally, Canaccord Genuity Group increased their target price on shares of Hochschild Mining from GBX 350 to GBX 465 and gave the company a "buy" rating in a research report on Monday. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 347.86.

Hochschild Mining Stock Performance

The stock's 50 day moving average is GBX 325.30 and its two-hundred day moving average is GBX 292.35. The stock has a market cap of £2.00 billion, a price-to-earnings ratio of 1,337.46, 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.

About Hochschild Mining

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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