Hochschild Mining (OTCMKTS:HCHDF) Shares Gap Down – Here’s Why

Shares of Hochschild Mining PLC (OTCMKTS:HCHDF) gapped down before the market opened on Thursday. The stock had previously closed at $6.90, but opened at $6.1890. Hochschild Mining shares last traded at $6.32, with a volume of 609 shares.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HCHDF. Berenberg Bank upgraded Hochschild Mining from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Barclays restated an “overweight” rating on shares of Hochschild Mining in a research report on Tuesday, July 7th. Finally, Jefferies Financial Group started coverage on Hochschild Mining in a research note on Monday, August 3rd. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Hochschild Mining Stock Down 4.2%

The firm’s 50-day simple moving average is $7.71 and its 200-day simple moving average is $7.48. 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 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.