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

Hochschild Mining PLC (OTCMKTS:HCHDF) gapped up before the market opened on Thursday. The stock had previously closed at $6.80, but opened at $7.31. Hochschild Mining shares last traded at $7.31, with a volume of 306 shares traded.

Wall Street Analysts Forecast Growth

HCHDF has been the topic of a number of recent analyst reports. Barclays reaffirmed an “overweight” rating on shares of Hochschild Mining in a research note on Tuesday, July 7th. Jefferies Financial Group started coverage on shares of Hochschild Mining in a research note on Monday, August 3rd. They issued a “buy” rating for the company. Finally, Berenberg Bank upgraded shares of Hochschild Mining from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. One equities research 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 stock. According to data from MarketBeat, Hochschild Mining has an average rating of “Buy”.

Hochschild Mining Stock Up 2.6%

The firm’s 50-day simple moving average is $7.56 and its 200-day simple moving average is $7.60. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.84 and a current ratio of 1.08.

Hochschild Mining Company Profile

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.