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

Shares of Hochschild Mining PLC (OTCMKTS:HCHDF) gapped down before the market opened on Tuesday. The stock had previously closed at $6.92, but opened at $6.55. Hochschild Mining shares last traded at $6.55, with a volume of 200 shares.

Analyst Ratings Changes

Several equities analysts recently commented on HCHDF shares. Barclays reiterated an “overweight” rating on shares of Hochschild Mining in a research note on Tuesday, July 7th. Jefferies Financial Group initiated coverage on Hochschild Mining in a research note on Monday, August 3rd. They issued a “buy” rating on the stock. Finally, Berenberg Bank upgraded Hochschild Mining from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

Hochschild Mining Stock Down 3.8%

The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.84 and a current ratio of 1.08. The company has a 50 day simple moving average of $7.75 and a 200 day simple moving average of $7.54.

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.