HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) fell 0.6% on Tuesday . The stock traded as low as $7.50 and last traded at $8.00. 413,400 shares traded hands during trading, a decline of 42% from the average session volume of 711,614 shares. The stock had previously closed at $7.95.

Several brokerages have weighed in on HBM. J P Morgan Chase & Co upgraded HudBay Minerals from a “neutral” rating to an “overweight” rating in a report on Tuesday, September 5th. ValuEngine upgraded HudBay Minerals from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Zacks Investment Research upgraded HudBay Minerals from a “hold” rating to a “buy” rating and set a $8.75 price objective on the stock in a report on Monday, October 23rd. Credit Suisse Group AG increased their price objective on HudBay Minerals from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, September 11th. Finally, BMO Capital Markets increased their price objective on HudBay Minerals from $10.50 to $10.75 and gave the company a “market perform” rating in a report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. HudBay Minerals has a consensus rating of “Hold” and an average target price of $9.39.

The stock has a market capitalization of $2,090.00, a P/E ratio of 20.92 and a beta of 3.21. The company has a quick ratio of 1.33, a current ratio of 1.74 and a debt-to-equity ratio of 0.51.

Large investors have recently added to or reduced their stakes in the stock. Systematic Financial Management LP grew its stake in HudBay Minerals by 15.5% during the 2nd quarter. Systematic Financial Management LP now owns 583,635 shares of the mining company’s stock worth $3,356,000 after buying an additional 78,395 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in HudBay Minerals by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,884,880 shares of the mining company’s stock worth $16,655,000 after buying an additional 83,094 shares during the last quarter. AGF Investments Inc. grew its stake in HudBay Minerals by 26.2% during the 2nd quarter. AGF Investments Inc. now owns 2,585,096 shares of the mining company’s stock worth $14,959,000 after buying an additional 536,938 shares during the last quarter. AQR Capital Management LLC grew its stake in HudBay Minerals by 68.7% during the 1st quarter. AQR Capital Management LLC now owns 419,418 shares of the mining company’s stock worth $2,749,000 after buying an additional 170,774 shares during the last quarter. Finally, AXA grew its stake in HudBay Minerals by 109.2% during the 2nd quarter. AXA now owns 571,200 shares of the mining company’s stock worth $3,284,000 after buying an additional 298,200 shares during the last quarter. Hedge funds and other institutional investors own 59.29% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “HudBay Minerals Inc (HBM) Shares Down 0.6%” was first posted by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece of content can be accessed at https://www.watchlistnews.com/hudbay-minerals-inc-hbm-shares-down-0-6/1703435.html.

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.

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 Analyst Ratings Network's FREE daily email newsletter.