Scotiabank Upgrades Hochschild Mining (OTCMKTS:HCHDF) to “Strong-Buy”

Hochschild Mining (OTCMKTS:HCHDF) was upgraded by research analysts at Scotiabank to a “strong-buy” rating in a research note issued on Friday,Zacks.com reports.

A number of other research firms have also weighed in on HCHDF. Peel Hunt raised shares of Hochschild Mining to a “strong-buy” rating in a research report on Thursday. Royal Bank of Canada upgraded Hochschild Mining from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 13th. Finally, Barclays reissued an “overweight” rating on shares of Hochschild Mining in a research note on Wednesday, April 16th. One research analyst has rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Hochschild Mining Trading Up 3.5%

Shares of HCHDF opened at $3.51 on Friday. The company’s fifty day simple moving average is $3.72 and its 200-day simple moving average is $3.05. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.89 and a quick ratio of 0.61. Hochschild Mining has a twelve month low of $1.92 and a twelve month high of $4.33.

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.