Hochschild Mining (OTCMKTS:HCHDF) Shares Gap Down – Time to Sell?

Shares of Hochschild Mining PLC (OTCMKTS:HCHDF) gapped down before the market opened on Tuesday. The stock had previously closed at $7.10, but opened at $6.55. Hochschild Mining shares last traded at $6.90, with a volume of 208 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on HCHDF shares. Barclays restated an “overweight” rating on shares of Hochschild Mining in a report on Tuesday, July 7th. Berenberg Bank raised Hochschild Mining from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Finally, Jefferies Financial Group began coverage on Hochschild Mining in a research note on Monday, August 3rd. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Hochschild Mining Trading Up 0.3%

The company has a quick ratio of 0.84, a current ratio of 1.08 and a debt-to-equity ratio of 0.10. The stock has a fifty day moving average of $7.63 and a 200 day moving average of $7.57.

Hochschild Mining Company Profile

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.