Hochschild Mining (OTCMKTS:HCHDF) Shares Gap Up – Time to Buy?

Hochschild Mining PLC (OTCMKTS:HCHDF)’s stock price gapped up prior to trading on Thursday. The stock had previously closed at $5.7940, but opened at $6.50. Hochschild Mining shares last traded at $6.50, with a volume of 807 shares traded.

Analyst Ratings Changes

Several equities analysts have recently issued reports on HCHDF shares. Jefferies Financial Group began coverage on Hochschild Mining in a research report on Monday, August 3rd. They set a “buy” rating on the stock. Berenberg Bank upgraded shares of Hochschild Mining from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Hochschild Mining Price Performance

The company has a current ratio of 1.08, a quick ratio of 0.84 and a debt-to-equity ratio of 0.10. The business has a 50-day simple moving average of $7.35 and a 200-day simple moving average of $7.82.

Hochschild Mining Company Profile

Hochschild Mining plc is a precious metals company focused on the exploration, development and production of gold and silver. The company operates primarily in the Americas and has historically specialized in underground mining of epithermal precious-metal deposits.

Its operations have included the Inmaculada and Pallancata mines in Peru and the San José mine in Argentina. Hochschild has also expanded its portfolio in Brazil through the Mara Rosa project, a gold development that became part of the company’s growth strategy.