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

Shares of Hochschild Mining PLC (OTCMKTS:HCHDF) gapped up prior to trading on Friday. The stock had previously closed at $6.47, but opened at $6.89. Hochschild Mining shares last traded at $6.89, with a volume of 100 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HCHDF. Barclays reaffirmed an “overweight” rating on shares of Hochschild Mining in a report 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 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 issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Hochschild Mining Price Performance

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 0.84. The company has a 50-day simple moving average of $7.75 and a 200-day simple moving average of $7.54.

About Hochschild Mining

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.