Hochschild Mining (OTCMKTS:HCHDF) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Shares of Hochschild Mining plc (OTCMKTS:HCHDF) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $2.52 and traded as high as $2.88. Hochschild Mining shares last traded at $2.88, with a volume of 1,600 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HCHDF. Barclays raised Hochschild Mining to a “strong-buy” rating in a report on Wednesday, October 16th. Royal Bank of Canada raised shares of Hochschild Mining to a “moderate buy” rating in a research note on Monday, October 21st. Finally, Berenberg Bank downgraded shares of Hochschild Mining from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 16th.

Hochschild Mining Price Performance

The business has a 50-day simple moving average of $2.53 and a two-hundred day simple moving average of $2.31.

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.