Hochschild Mining (OTCMKTS:HCHDF) Stock Price Down 4.4% – Here’s Why

Hochschild Mining PLC (OTCMKTS:HCHDF) fell 4.4% on Friday . The company traded as low as $8.52 and last traded at $8.52. Approximately 100 shares were traded during trading, a decline of 99% from the average session volume of 19,142 shares. The stock had previously closed at $8.91.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Berenberg Bank raised Hochschild Mining from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Jefferies Financial Group started coverage on shares of Hochschild Mining in a report on Monday, August 3rd. They issued a “buy” rating for the company. Finally, Barclays reaffirmed an “overweight” rating on shares of Hochschild Mining in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy”.

Hochschild Mining Stock Performance

The firm has a 50-day moving average of $7.11 and a 200-day moving average of $7.82. The company has a current ratio of 0.99, a quick ratio of 0.80 and a debt-to-equity ratio of 0.26.

Hochschild Mining Company Profile

Hochschild Mining plc is a precious-metals mining company focused on the exploration, development and operation of underground and open-pit mines. The company primarily produces silver and gold, with activities spanning the full mining cycle, including geological exploration, mine development, extraction, processing and the sale of metal concentrates and doré.

Founded in 1911, Hochschild has historically maintained a strong presence in Latin America. Its operations and development portfolio have included assets in Peru, Argentina and Brazil.