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

Key Points

• Hochschild Mining shares experienced a remarkable 577% increase in trading volume, with 215,897 shares changing hands, rising from the previous day's volume of 31,890 shares.
• Wall Street analysts show strong optimism for Hochschild Mining, with multiple brokerages upgrading the stock to a "strong-buy" rating recently, leading to an average rating of "Buy."
• The company has a solid financial position, reflected in its debt-to-equity ratio of 0.24 and a current ratio of 0.73.

Hochschild Mining PLC (OTCMKTS:HCHDF - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 215,897 shares traded hands during mid-day trading, an increase of 577% from the previous session's volume of 31,890 shares.The stock last traded at $4.66 and had previously closed at $4.43.

Analyst Upgrades and Downgrades

HCHDF has been the topic of a number of research analyst reports. Scotiabank raised shares of Hochschild Mining to a "strong-buy" rating in a research note on Friday, June 13th. Barclays reissued an "overweight" rating on shares of Hochschild Mining in a research note on Wednesday, June 11th. Finally, Peel Hunt raised shares of Hochschild Mining to a "strong-buy" rating in a research note on Thursday, June 12th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Hochschild Mining currently has an average rating of "Buy".

Hochschild Mining Stock Performance

The firm's 50-day moving average price is $3.97 and its two-hundred day moving average price is $3.63. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 0.26.

Hochschild Mining Company Profile

Hochschild Mining plc, a precious metals company, engages in the exploration, mining, processing, and sale of gold and silver in the Americas. The company holds 100% interests in the Inmaculada gold/silver underground operation and Pallancata silver/gold property, which are located in the Department of Ayacucho in southern Peru.