Hochschild Mining (OTCMKTS:HCHDF) Shares Down 5.1% - Here's Why

Key Points

• Hochschild Mining's stock fell by 5.1%, trading at $4.50, with a significant drop in trading volume of 96% compared to its average daily volume.
• Equities research analysts have given Hochschild Mining a range of ratings, with two firms assigning a strong-buy rating, contributing to an overall average rating of "Buy".
• The company operates in the Americas, focusing on the mining and processing of gold and silver, with significant properties in Peru.

Hochschild Mining PLC (OTCMKTS:HCHDF - Get Free Report)'s stock price was down 5.1% on Friday . The stock traded as low as $4.50 and last traded at $4.50. Approximately 1,351 shares traded hands during trading, a decline of 96% from the average daily volume of 33,032 shares. The stock had previously closed at $4.74.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Scotiabank raised shares of Hochschild Mining to a "strong-buy" rating in a report on Friday, June 13th. Peel Hunt raised shares of Hochschild Mining to a "strong-buy" rating in a report on Thursday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Hochschild Mining presently has an average rating of "Buy".

Hochschild Mining Trading Up 1.3%

The company has a current ratio of 0.75, a quick ratio of 0.53 and a debt-to-equity ratio of 0.26. The stock's 50-day simple moving average is $4.34 and its 200 day simple moving average is $3.88.

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.

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