Hochschild Mining (OTCMKTS:HCHDF) Sees Strong Trading Volume – Here’s Why

Hochschild Mining PLC (OTCMKTS:HCHDF) saw an uptick in trading volume on Wednesday . 191,504 shares changed hands during mid-day trading, an increase of 337% from the previous session’s volume of 43,869 shares.The stock last traded at $10.00 and had previously closed at $9.99.

Analysts Set New Price Targets

Separately, UBS Group lowered shares of Hochschild Mining from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 17th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Hochschild Mining presently has a consensus rating of “Buy”.

Hochschild Mining Stock Performance

The business’s fifty day moving average price is $6.92 and its two-hundred day moving average price is $5.28. The company has a quick ratio of 0.53, a current ratio of 0.75 and a debt-to-equity ratio of 0.26.

Hochschild Mining Company Profile

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.