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

Hochschild Mining PLC (OTCMKTS:HCHDF – Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $8.14, but opened at $7.76. Hochschild Mining shares last traded at $7.70, with a volume of 900 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have recently commented on HCHDF. Berenberg Bank raised Hochschild Mining from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Jefferies Financial Group initiated coverage on shares of Hochschild Mining in a research report on Monday, August 3rd. They set a “buy” rating on the stock. Finally, Barclays reiterated an “overweight” rating on shares of Hochschild Mining in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

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Read Our Latest Stock Analysis on HCHDF

Hochschild Mining Stock Performance

The business’s 50-day moving average is $7.39 and its two-hundred day moving average is $7.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 0.84.

About Hochschild Mining

(Get Free Report)

Hochschild Mining plc is a precious-metals mining company focused on the exploration, development and operation of underground and open-pit mines. The company primarily produces silver and gold, with activities spanning the full mining cycle, including geological exploration, mine development, extraction, processing and the sale of metal concentrates and doré.

Founded in 1911, Hochschild has historically maintained a strong presence in Latin America. Its operations and development portfolio have included assets in Peru, Argentina and Brazil.

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