Hochschild Mining (OTCMKTS:HCHDF) Stock Price Down 3% - Here's What Happened

Key Points

• Hochschild Mining's stock price declined by 3% to $4.26 during Wednesday's trading, with a significant reduction in trading volume.
• Analysts have a generally positive outlook on Hochschild Mining, with Barclays, Scotiabank, and Peel Hunt all issuing strong-buy ratings recently.
• The company specializes in the exploration and mining of precious metals, holding significant assets in Peru, including operations at the Inmaculada and Pallancata sites.

Hochschild Mining PLC (OTCMKTS:HCHDF - Get Free Report) fell 3% on Wednesday . The stock traded as low as $4.26 and last traded at $4.26. 4,025 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 32,689 shares. The stock had previously closed at $4.39.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HCHDF. Scotiabank upgraded Hochschild Mining to a "strong-buy" rating in a research report on Friday, June 13th. Peel Hunt upgraded Hochschild Mining to a "strong-buy" rating in a research report on Thursday, June 12th. Finally, Barclays reiterated an "overweight" rating on shares of Hochschild Mining in a research report on Wednesday, June 11th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy".

Hochschild Mining Price Performance

The company has a 50-day moving average of $4.03 and a 200 day moving average of $3.71. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.53 and a current ratio of 0.75.

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.