Hochschild Mining (OTCMKTS:HCHDF) Shares Gap Up – Still a Buy?

Hochschild Mining PLC (OTCMKTS:HCHDF) shares gapped up prior to trading on Wednesday . The stock had previously closed at $8.57, but opened at $8.85. Hochschild Mining shares last traded at $8.85, with a volume of 606 shares traded.

Analyst Upgrades and Downgrades

HCHDF has been the subject of several research reports. Barclays reiterated an “overweight” rating on shares of Hochschild Mining in a research report on Tuesday, July 7th. Jefferies Financial Group started coverage on shares of Hochschild Mining in a report on Monday, August 3rd. They issued a “buy” rating on the stock. 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 research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy”.

Hochschild Mining Trading Up 3.9%

The company has a quick ratio of 0.80, a current ratio of 0.99 and a debt-to-equity ratio of 0.26. The firm has a fifty day moving average price of $6.73 and a two-hundred day moving average price of $7.85.

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.