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

Shares of Hochschild Mining PLC (OTCMKTS:HCHDF) gapped up before the market opened on Thursday . The stock had previously closed at $7.41, but opened at $7.90. Hochschild Mining shares last traded at $7.90, with a volume of 1,000 shares traded.

Wall Street Analysts Forecast Growth

HCHDF has been the topic of a number of research analyst reports. Berenberg Bank raised Hochschild Mining from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Jefferies Financial Group started coverage on shares of Hochschild Mining in a research report on Monday, August 3rd. They issued a “buy” rating for the company. Finally, Barclays reissued an “overweight” rating on shares of Hochschild Mining in a research note on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Hochschild Mining Stock Up 9.9%

The company has a 50 day moving average of $6.51 and a two-hundred day moving average of $7.88. The company has a current ratio of 0.99, a quick ratio of 0.80 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.