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

Hochschild Mining PLC (OTCMKTS:HCHDF)’s share price 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 traded.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. 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 note on Tuesday, July 7th. Finally, Jefferies Financial Group began coverage on shares of Hochschild Mining in a report on Monday, August 3rd. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Hochschild Mining Stock Performance

The stock has a 50-day moving average of $7.39 and a 200 day moving average of $7.67. The company has a current ratio of 1.08, a quick ratio of 0.84 and a debt-to-equity ratio of 0.10.

About Hochschild Mining

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.