Hochschild Mining (OTCMKTS:HCHDF) Shares Pass Below Fifty Day Moving Average – Here’s Why

Hochschild Mining plc (OTCMKTS:HCHDF) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $2.77 and traded as low as $2.73. Hochschild Mining shares last traded at $2.73, with a volume of 19,109 shares traded.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HCHDF. Barclays raised shares of Hochschild Mining to a “strong-buy” rating in a research report on Wednesday, October 16th. Berenberg Bank lowered Hochschild Mining from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Finally, Royal Bank of Canada upgraded Hochschild Mining to a “moderate buy” rating in a research note on Monday, October 21st.

Hochschild Mining Price Performance

The stock has a fifty day moving average price of $2.77 and a two-hundred day moving average price of $2.51.

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.