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HOCHSCHILD MINING PLC ORD GBP0.01HOCHSCHILD MINING PLC ORD GBP0.01HOCHSCHILD MINING PLC ORD GBP0.01

HOCHSCHILD MINING PLC ORD GBP0.01

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HOC trade ideas

HOC STRONG BUY - Target 140 - Six Month PayoffI just love this monthly chart, just look at it... HOC has only closed below this current price for 3 sessions in the history of the company back in 2016, whilst today's price is coincidentally the session low dating back to December 2008. Down 82.5% since 2020 highs and with the monthly RSI at multi year lows the risk here now seems to be to the upside, a conservative 100% retrace for the April to present day surge takes the share price back 148 a nigh on treble bag for what potentially may play out by the end of March 2023. #HOC
LSE:HOCLong
by Plat_Hunter
Hochschild Mining - Gold miners in demand amid uncertainty.Technical Analysis Hochschild Mining was a higher yesterday against a backdrop of red in UK markets. The shares appear to have been in the process of bottoming out over the past few months and have now completed an inverse head and shoulders bottom. This is a powerful reversal pattern and suggest there will be more upside over the medium term. Fundamentals Hochschild Mining currently ranks above average in our fundamental model with exceptional scores on value and momentum metrics. The shares have significantly outperformed the market over the past 1 to 3 months and we expect this to continue. Pros The company recent produced its 2nd best production performance in its history. RBC Capital Markets reiterated their ‘Outperform’ rating on the 5th July 2019 with a 260p price target. Global markets are in decline which could prompt even more demand for safe haven assets like gold. Cons The overall market is very volatile. This could impact the performance of all assets in the short term. Berenberg bank issued a sell rating on the 17th July 2019 with a 165p price target. Recent market declines have been short lived, if this occurs again investors may seek risker assets. Entry At Market (208p) Stop: 192.40p Target: 277p
LSE:HOCLong
by Investamate
Higher high, downturn broken?Hochschild has been in a downtrend for quite some time. Companies like this are clearly linked to the price of precious metals, as witnessed by their recent trading results, but they will benefit substantially if physical metals can continue their recent increase in price. On my chart it looks like the downtrend has been broken, with a higher high. I'm looking for 192-200p as indicated on the chart in the near future. The gold buying season is starting so I have hopes for a sustained increase from here. Close today 180.5
LSE:HOCLong
by rbtradesdaily