Hochschild Mining (OTCMKTS:HCHDF) Shares Gap Up – Still a Buy?

Shares of Hochschild Mining PLC (OTCMKTS:HCHDF) gapped up before the market opened on Thursday. The stock had previously closed at $6.80, but opened at $7.31. Hochschild Mining shares last traded at $7.31, with a volume of 306 shares changing hands.

Analysts Set New Price Targets

HCHDF has been the subject of a number of analyst reports. Jefferies Financial Group started coverage on Hochschild Mining in a report on Monday, August 3rd. They issued a “buy” rating for the company. Barclays reiterated an “overweight” rating on shares of Hochschild Mining in a research note on Tuesday, July 7th. Finally, Berenberg Bank raised Hochschild Mining from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Hochschild Mining Trading Up 2.6%

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 0.84. The firm’s fifty day moving average price is $7.56 and its two-hundred day moving average price is $7.60.

About Hochschild Mining

Hochschild Mining plc is a precious metals company focused on the exploration, development and operation of gold and silver mines. The company’s activities include mining, processing and producing gold and silver concentrates and doré, as well as advancing exploration projects in areas with established mineral potential.

Founded in 1911, Hochschild Mining has historically concentrated its operations in Latin America. Its principal assets have included the Inmaculada gold-silver mine in southern Peru and the San José silver-gold mine in Argentina.