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

Key Points

• Hochschild Mining's shares experienced a significant gap up, opening at $4.71 after closing at $4.18, with current trading around $4.57.
• Analysts are bullish on Hochschild Mining, with two upgrades to a "strong-buy" rating and a consensus rating of "Buy" from multiple research firms.
• The company's debt-to-equity ratio stands at 0.26, indicating a relatively low level of debt compared to equity, which may appeal to investors.

Shares of Hochschild Mining PLC (OTCMKTS:HCHDF - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $4.18, but opened at $4.71. Hochschild Mining shares last traded at $4.57, with a volume of 10,002 shares trading hands.

Analyst Ratings Changes

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

Hochschild Mining Price Performance

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 company has a fifty day simple moving average of $4.03 and a two-hundred day simple moving average of $3.72.

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.

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