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

Shares of Hochschild Mining plc (LON:HOC) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 193.05 ($2.44) and traded as high as GBX 228 ($2.88). Hochschild Mining shares last traded at GBX 213 ($2.69), with a volume of 1,423,151 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts recently commented on HOC shares. Canaccord Genuity Group raised their target price on Hochschild Mining from GBX 220 ($2.78) to GBX 310 ($3.91) and gave the stock a “buy” rating in a report on Thursday, October 24th. Berenberg Bank reissued a “hold” rating and set a GBX 200 ($2.52) target price on shares of Hochschild Mining in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Hochschild Mining from GBX 310 ($3.91) to GBX 320 ($4.04) and gave the stock an “overweight” rating in a research note on Friday, December 6th.

Hochschild Mining Trading Down 5.8 %

The firm has a market cap of £1.10 billion, a P/E ratio of 4,260.00, a P/E/G ratio of 0.41 and a beta of 1.08. The stock has a 50 day simple moving average of GBX 219.12 and a 200-day simple moving average of GBX 193.19. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 55.11.

Hochschild Mining Company Profile

Hochschild Mining plc, a precious metals company, engages in the exploration, mining, processing, and sale of gold and silver deposits in Peru, Argentina, the United States, Canada, Brazil, and Chile. The company's flagship asset include the Inmaculada gold and silver underground mine located in the Ayacucho Department, southern Peru.