HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
A number of other research firms also recently issued reports on HBM. ValuEngine raised shares of HudBay Minerals from a “hold” rating to a “buy” rating in a report on Thursday, May 11th. TheStreet downgraded shares of HudBay Minerals from a “c-” rating to a “d+” rating in a report on Thursday, March 9th. Zacks Investment Research downgraded shares of HudBay Minerals from a “buy” rating to a “hold” rating in a report on Wednesday, April 5th. Finally, Credit Suisse Group reissued a “neutral” rating on shares of HudBay Minerals in a report on Tuesday, April 18th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. HudBay Minerals has an average rating of “Hold” and a consensus target price of $8.06.
Shares of HudBay Minerals (NYSE HBM) opened at 5.25 on Tuesday. The company’s market capitalization is $1.25 billion. HudBay Minerals has a 52-week low of $3.57 and a 52-week high of $9.15. The firm’s 50-day moving average is $5.46 and its 200 day moving average is $6.64.
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Institutional investors have recently modified their holdings of the company. Trexquant Investment LP bought a new position in shares of HudBay Minerals during the fourth quarter worth $101,000. Quantbot Technologies LP purchased a new stake in shares of HudBay Minerals during the first quarter worth about $118,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of HudBay Minerals during the first quarter worth about $127,000. ARP Americas LLC purchased a new stake in shares of HudBay Minerals during the first quarter worth about $140,000. Finally, Oxford Asset Management purchased a new stake in shares of HudBay Minerals during the first quarter worth about $159,000. 64.08% 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.
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