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

Hochschild Mining PLC (OTCMKTS:HCHDF)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $9.01, but opened at $8.51. Hochschild Mining shares last traded at $8.51, with a volume of 267 shares changing hands.

Analyst Ratings Changes

Several research firms have issued reports on HCHDF. Jefferies Financial Group assumed coverage on shares of Hochschild Mining in a research report on Monday, August 3rd. They issued 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 note on Monday, July 27th. Finally, Barclays reissued an “overweight” rating on shares of Hochschild Mining in a research report on Tuesday, July 7th. One research 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 data from MarketBeat, the company has an average rating of “Buy”.

Hochschild Mining Price Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 0.99 and a quick ratio of 0.80. The company’s 50-day moving average is $7.15 and its 200-day moving average is $7.82.

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.