Hochschild Mining (OTCMKTS:HCHDF) Shares Gap Up – Should You Buy?

Hochschild Mining PLC (OTCMKTS:HCHDF) gapped up before the market opened 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 changing hands.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HCHDF. Jefferies Financial Group began coverage on Hochschild Mining in a research note on Monday, August 3rd. They set a “buy” rating for the company. Berenberg Bank raised shares of Hochschild Mining from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Hochschild Mining Stock Performance

The company has a 50-day moving average price of $7.35 and a 200-day moving average price of $7.82. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 0.84.

Hochschild Mining Company Profile

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.