Hochschild Mining (OTCMKTS:HCHDF) Shares Down 5.4% - Here's Why

Hochschild Mining PLC (OTCMKTS:HCHDF - Get Free Report)'s stock price dropped 5.4% during trading on Friday . The stock traded as low as $3.34 and last traded at $3.34. Approximately 2,700 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 37,277 shares. The stock had previously closed at $3.53.

Wall Street Analysts Forecast Growth

HCHDF has been the topic of several recent research reports. Peel Hunt raised shares of Hochschild Mining to a "strong-buy" rating in a report on Thursday, June 12th. Scotiabank raised shares of Hochschild Mining to a "strong-buy" rating in a research note on Friday, June 13th. Royal Bank Of Canada raised shares of Hochschild Mining from a "hold" rating to a "moderate buy" rating in a research note on Thursday, March 13th. Finally, Barclays reissued an "overweight" rating on shares of Hochschild Mining in a research note on Wednesday, June 11th. One investment analyst has rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy".

Hochschild Mining Trading Up 0.3%

The company has a debt-to-equity ratio of 0.24, a current ratio of 0.73 and a quick ratio of 0.54. The stock has a 50 day moving average price of $3.64 and a 200-day moving average price of $3.10.

About Hochschild Mining

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.