Hochschild Mining (LON:HOC) Stock Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Hochschild Mining's share price crossed above its 200-day moving average on Friday, trading as high as GBX 574.53 and last at GBX 572.45 on a volume of 7,082,824 shares (200-day MA GBX 500.23).
• Analysts are broadly positive — four Buys and one Hold — giving a consensus rating of Moderate Buy with a consensus price target of GBX 590, while JPMorgan upgraded to "Overweight" and raised its target to GBX 990.
• Key metrics: market capitalization £2.95 billion, P/E 19.74, P/E/G 0.41, and debt-to-equity 47.67, though the 50-day SMA (GBX 675.43) remains above the current price.

Hochschild Mining plc (LON:HOC - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 500.23 and traded as high as GBX 574.53. Hochschild Mining shares last traded at GBX 572.45, with a volume of 7,082,824 shares traded.

Analyst Ratings Changes

A number of research firms have recently commented on HOC. Berenberg Bank upped their price objective on shares of Hochschild Mining from GBX 430 to GBX 570 and gave the company a "hold" rating in a research note on Thursday, January 22nd. Canaccord Genuity Group reissued a "buy" rating and set a GBX 750 target price on shares of Hochschild Mining in a research note on Thursday, March 12th. Finally, JPMorgan Chase & Co. upgraded shares of Hochschild Mining to an "overweight" rating and boosted their target price for the company from GBX 890 to GBX 990 in a report on Thursday, March 12th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 590.

Hochschild Mining Stock Performance

The company has a debt-to-equity ratio of 47.67, a current ratio of 0.99 and a quick ratio of 1.87. The stock has a fifty day simple moving average of GBX 675.43 and a two-hundred day simple moving average of GBX 500.23. The firm has a market capitalization of £2.95 billion, a P/E ratio of 19.74, a P/E/G ratio of 0.41 and a beta of 0.80.

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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