Hochschild Mining (OTCMKTS:HCHDF) Sees Strong Trading Volume – Still a Buy?

Shares of Hochschild Mining PLC (OTCMKTS:HCHDF) saw unusually-high trading volume on Wednesday. 36,124 shares changed hands during mid-day trading, an increase of 119% from the average daily volume of 16,505 shares. The stock last traded at $6.22 and had previously closed at $6.02.

Wall Street Analyst Weigh In

HCHDF has been the subject of several analyst reports. Berenberg Bank raised shares of Hochschild Mining from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Jefferies Financial Group began coverage on shares of Hochschild Mining in a research report on Monday, August 3rd. They set a “buy” rating on the stock. 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Hochschild Mining Trading Up 0.8%

The business has a fifty day moving average of $7.30 and a two-hundred day moving average of $7.81. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.84 and a current ratio of 1.08.

About Hochschild Mining

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.