Hochschild Mining (LON:HOC) Share Price Passes Above 200-Day Moving Average - Here's What Happened

Key Points

• Hochschild Mining's share price recently crossed above its 200-day moving average, reaching a high of GBX 338.60 ($4.62) before closing at GBX 318.40 ($4.35).
• Analysts have mixed views with JPMorgan cutting their target price to GBX 370 while Canaccord Genuity Group maintains a "buy" rating and a GBX 365 price target.
• The company's market capitalization is £1.58 billion, with a quick ratio of 1.87 and a debt-to-equity ratio of 61.86, signaling a strong liquidity position but relatively high leverage.

Hochschild Mining plc (LON:HOC - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 275.49 ($3.71) and traded as high as GBX 338.60 ($4.56). Hochschild Mining shares last traded at GBX 318.40 ($4.29), with a volume of 2,057,658 shares trading hands.

Wall Street Analysts Forecast Growth

HOC has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their target price on Hochschild Mining from GBX 390 to GBX 370 and set an "overweight" rating on the stock in a report on Thursday, August 28th. Canaccord Genuity Group reissued a "buy" rating and set a GBX 365 price target on shares of Hochschild Mining in a research note on Wednesday, August 27th. Berenberg Bank lowered their price objective on Hochschild Mining from GBX 300 to GBX 280 and set a "hold" rating for the company in a research note on Thursday, August 28th. Finally, UBS Group restated a "buy" rating and set a GBX 300 price objective on shares of Hochschild Mining in a report on Friday, August 15th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of GBX 315.83.

Hochschild Mining Trading Up 4.5%

The firm has a market cap of £1.62 billion, a price-to-earnings ratio of 1,083.45, a PEG ratio of 0.41 and a beta of 1.08. The company has a fifty day moving average price of GBX 298.68 and a 200-day moving average price of GBX 278.03. 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.