HudBay Minerals Inc (HBM) Given Consensus Rating of “Hold” by Analysts

Shares of HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) have earned a consensus rating of “Hold” from the twelve ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $8.00.

A number of research firms recently commented on HBM. BidaskClub upgraded shares of HudBay Minerals from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. ValuEngine downgraded shares of HudBay Minerals from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. Credit Suisse Group reiterated a “neutral” rating on shares of HudBay Minerals in a report on Tuesday, April 18th. TheStreet downgraded shares of HudBay Minerals from a “c-” rating to a “d+” rating in a report on Thursday, March 9th. Finally, Zacks Investment Research downgraded shares of HudBay Minerals from a “buy” rating to a “hold” rating in a report on Wednesday, April 5th.

HudBay Minerals (NYSE:HBM) traded up 1.96% during mid-day trading on Monday, hitting $5.20. 505,537 shares of the stock traded hands. The stock has a 50 day moving average price of $5.33 and a 200 day moving average price of $6.58. The firm’s market cap is $1.23 billion. HudBay Minerals has a 12-month low of $3.57 and a 12-month high of $9.15.

Several large investors have recently added to or reduced their stakes in the stock. FMR LLC purchased a new stake in HudBay Minerals during the first quarter worth about $23,754,000. AGF Investments Inc. raised its stake 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 in the last quarter. Great West Life Assurance Co. Can raised its stake 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 in the last quarter. Bank of Montreal Can raised its stake in HudBay Minerals by 29.9% in the first quarter. Bank of Montreal Can now owns 3,534,946 shares of the mining company’s stock worth $23,154,000 after buying an additional 813,675 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new stake in HudBay Minerals during the fourth quarter worth about $4,342,000. Institutional investors and hedge funds own 64.08% of the company’s stock.

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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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “HBM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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