Hochschild Mining (OTCMKTS:HCHDF) Trading 8.3% Higher - What's Next?

Key Points

• Shares of Hochschild Mining (HCHDF) increased by 8.3% to trade at $3.90, with a total of approximately 15,400 shares exchanged during the day.
• Analysts have upgraded the stock to a strong-buy rating, with a consensus rating of "Buy" among equity research firms.
• The company's financial metrics include a debt-to-equity ratio of 0.24, suggesting a relatively low level of debt compared to equity.

Hochschild Mining PLC (OTCMKTS:HCHDF - Get Free Report)'s stock price shot up 8.3% during mid-day trading on Friday . The company traded as high as $3.90 and last traded at $3.90. 15,400 shares traded hands during trading, a decline of 53% from the average session volume of 33,071 shares. The stock had previously closed at $3.60.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HCHDF. Peel Hunt upgraded Hochschild Mining to a "strong-buy" rating in a research note on Thursday, June 12th. Scotiabank upgraded Hochschild Mining to a "strong-buy" rating in a research note on Friday, June 13th. Finally, Barclays reiterated an "overweight" rating on shares of Hochschild Mining in a research note on Wednesday, June 11th. One analyst has rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy".

Hochschild Mining Stock Up 7.2%

The company has a quick ratio of 0.54, a current ratio of 0.73 and a debt-to-equity ratio of 0.24. The company has a 50 day simple moving average of $3.65 and a two-hundred day simple moving average of $3.27.

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.