Hochschild Mining (OTCMKTS:HCHDF) Shares Gap Up - What's Next?

Key Points

• Hochschild Mining's stock price gapped up from $3.86 to $4.04 before trading at $4.10, reflecting a recent increase of 7.3%.
• Analysts have shown increased confidence in Hochschild Mining, with multiple upgrades leading to an average rating of "Buy" and two analysts assigning a Strong Buy rating.
• The company focuses on the exploration and mining of precious metals, specifically gold and silver, with key operations located in southern Peru.

Hochschild Mining PLC (OTCMKTS:HCHDF - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $3.86, but opened at $4.04. Hochschild Mining shares last traded at $4.10, with a volume of 13,575 shares.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Scotiabank upgraded Hochschild Mining to a "strong-buy" rating in a report on Friday, June 13th. Barclays restated an "overweight" rating on shares of Hochschild Mining in a research report on Wednesday, June 11th. Finally, Peel Hunt upgraded shares of Hochschild Mining to a "strong-buy" rating in a research report on Thursday, June 12th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Buy".

Hochschild Mining Trading Up 1.4%

The business's fifty day moving average is $3.88 and its 200 day moving average is $3.57. The company has a current ratio of 0.73, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24.

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.