Hochschild Mining (OTCMKTS:HCHDF) Shares Gap Up – Here’s Why

Shares of Hochschild Mining PLC (OTCMKTS:HCHDF) gapped up prior to trading on Wednesday . The stock had previously closed at $8.57, but opened at $8.85. Hochschild Mining shares last traded at $8.85, with a volume of 606 shares traded.

Analyst Upgrades and Downgrades

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

Hochschild Mining Trading Up 3.9%

The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.80 and a current ratio of 0.99. The company has a 50 day moving average of $6.73 and a two-hundred day moving average of $7.85.

About Hochschild Mining

Hochschild Mining plc is a London?based precious metals company engaged in the exploration, development and operation of underground silver and gold mines. The company focuses on extracting and processing high-grade ore through conventional underground mining methods, with silver as its primary product and gold as a valuable by?product. Its operations encompass a full value chain, from exploration and feasibility studies to production and marketing of refined metals.

The company traces its heritage to early 20th?century mining initiatives in South America and has built a strategic presence across Latin America.