HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) was upgraded by investment analysts at TheStreet from a “d+” rating to a “c-” rating in a research note issued to investors on Monday.
Several other brokerages have also commented on HBM. ValuEngine lowered HudBay Minerals from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Raymond James Financial, Inc. reissued an “outperform” rating on shares of HudBay Minerals in a report on Tuesday. Zacks Investment Research raised HudBay Minerals from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Credit Suisse Group reissued a “neutral” rating on shares of HudBay Minerals in a report on Tuesday, April 18th. Finally, BidaskClub raised HudBay Minerals from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $8.06.
HudBay Minerals (NYSE HBM) opened at 7.20 on Monday. HudBay Minerals has a 52 week low of $3.57 and a 52 week high of $9.15. The company has a market capitalization of $1.71 billion, a P/E ratio of 180.00 and a beta of 3.29. The company’s 50 day moving average price is $6.82 and its 200-day moving average price is $6.59.
TRADEMARK VIOLATION WARNING: This piece was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://sportsperspectives.com/2017/08/16/thestreet-upgrades-hudbay-minerals-inc-hbm-to-c.html.
A number of institutional investors have recently added to or reduced their stakes in the company. GMT Capital Corp raised its position in HudBay Minerals by 13.7% in the second quarter. GMT Capital Corp now owns 30,599,600 shares of the mining company’s stock worth $172,813,000 after buying an additional 3,678,300 shares during the period. FMR LLC bought a new position in HudBay Minerals during the first quarter worth $23,754,000. AGF Investments Inc. raised its position in HudBay Minerals by 1,778.1% in the first quarter. AGF Investments Inc. now owns 2,048,158 shares of the mining company’s stock worth $13,445,000 after buying an additional 1,939,102 shares during the period. Great West Life Assurance Co. Can raised its position in HudBay Minerals by 4,386.1% in the first quarter. Great West Life Assurance Co. Can now owns 1,880,425 shares of the mining company’s stock worth $12,350,000 after buying an additional 1,838,508 shares during the period. Finally, Commonwealth Bank of Australia bought a new position in HudBay Minerals during the second quarter worth $9,092,000. 62.43% of the stock is currently owned by institutional investors.
About HudBay Minerals
Hudbay Minerals Inc is a Canada-based mining company. The Company is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal. The Company is focused on the discovery, production and marketing of base and precious metals. The Company has assets in North and South America.
Receive News & Ratings for HudBay Minerals Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HudBay Minerals Inc and related companies with MarketBeat.com's FREE daily email newsletter.