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

Hochschild Mining PLC (OTCMKTS:HCHDF)’s stock price gapped up prior to trading on Thursday. The stock had previously closed at $5.7940, but opened at $6.50. Hochschild Mining shares last traded at $6.50, with a volume of 807 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Berenberg Bank upgraded Hochschild Mining from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Jefferies Financial Group began coverage on Hochschild Mining in a research report on Monday, August 3rd. They set a “buy” rating for the company. One equities 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Hochschild Mining Stock Up 0.8%

The company has a 50-day moving average price of $7.25 and a 200-day moving average price of $7.81. The company has a current ratio of 1.08, a quick ratio of 0.84 and a debt-to-equity ratio of 0.10.

About Hochschild Mining

Hochschild Mining plc is a precious metals company focused on the exploration, development and production of gold and silver. The company operates primarily in the Americas and has historically specialized in underground mining of epithermal precious-metal deposits.

Its operations have included the Inmaculada and Pallancata mines in Peru and the San José mine in Argentina. Hochschild has also expanded its portfolio in Brazil through the Mara Rosa project, a gold development that became part of the company’s growth strategy.