Hochschild Mining (OTCMKTS:HCHDF) Shares Gap Up – Time to Buy?

Shares of Hochschild Mining PLC (OTCMKTS:HCHDF) gapped up before the market opened on Friday. The stock had previously closed at $6.47, but opened at $6.89. Hochschild Mining shares last traded at $6.89, with a volume of 100 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on HCHDF shares. Barclays reaffirmed an “overweight” rating on shares of Hochschild Mining in a research note on Tuesday, July 7th. Jefferies Financial Group started coverage on Hochschild Mining in a research report on Monday, August 3rd. They issued a “buy” rating for the company. Finally, Berenberg Bank upgraded Hochschild Mining from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. One investment 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. Based on data from MarketBeat.com, Hochschild Mining currently has a consensus rating of “Buy”.

Hochschild Mining Trading Up 0.9%

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 0.84. The firm’s fifty day simple moving average is $7.75 and its 200-day simple moving average is $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.