HudBay Minerals Inc (HBM) Downgraded to “Strong Sell” at BidaskClub
BidaskClub lowered shares of HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) from a sell rating to a strong sell rating in a research note issued to investors on Tuesday morning.
Other equities research analysts have also issued reports about the stock. ValuEngine raised shares of HudBay Minerals from a hold rating to a buy rating in a research note on Thursday, May 11th. Credit Suisse Group reaffirmed a neutral rating on shares of HudBay Minerals in a research note on Tuesday, April 18th. Zacks Investment Research lowered shares of HudBay Minerals from a buy rating to a hold rating in a research note on Wednesday, April 5th. Finally, TheStreet lowered shares of HudBay Minerals from a c- rating to a d+ rating in a research note on Thursday, March 9th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $8.06.
Shares of HudBay Minerals (HBM) opened at 5.20 on Tuesday. The firm’s market capitalization is $1.23 billion. The firm has a 50-day moving average of $5.33 and a 200 day moving average of $6.58. HudBay Minerals has a 12-month low of $3.57 and a 12-month high of $9.15.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HBM. Trexquant Investment LP acquired a new position in HudBay Minerals during the fourth quarter valued at $101,000. Quantbot Technologies LP acquired a new position in HudBay Minerals during the first quarter valued at $118,000. Massachusetts Financial Services Co. MA acquired a new position in HudBay Minerals during the first quarter valued at $127,000. ARP Americas LLC acquired a new position in HudBay Minerals during the first quarter valued at $140,000. Finally, Oxford Asset Management acquired a new position in HudBay Minerals during the first quarter valued at $159,000. Hedge funds and other institutional investors own 64.08% of the company’s stock.
HudBay Minerals Company Profile
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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