Hochschild Mining (OTCMKTS:HCHDF) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Hochschild Mining PLC (OTCMKTS:HCHDF)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $7.31 and traded as high as $7.95. Hochschild Mining shares last traded at $7.95, with a volume of 500 shares trading hands.

Analyst Ratings Changes

Several brokerages recently weighed in on HCHDF. Barclays reaffirmed an “overweight” rating on shares of Hochschild Mining in a research note on Tuesday, July 7th. Jefferies Financial Group initiated coverage on shares of Hochschild Mining in a research report on Monday, August 3rd. They issued a “buy” rating on the stock. Finally, Berenberg Bank raised shares of Hochschild Mining from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Hochschild Mining Trading Up 0.3%

The company has a fifty day simple moving average of $7.31 and a 200-day simple moving average of $7.72. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 0.84.

About Hochschild Mining

Hochschild Mining plc is a precious-metals mining company focused on the exploration, development and operation of underground and open-pit mines. The company primarily produces silver and gold, with activities spanning the full mining cycle, including geological exploration, mine development, extraction, processing and the sale of metal concentrates and doré.

Founded in 1911, Hochschild has historically maintained a strong presence in Latin America. Its operations and development portfolio have included assets in Peru, Argentina and Brazil.