HudBay Minerals Inc (HBM) Upgraded to C- by TheStreet
HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) was upgraded by TheStreet from a “d+” rating to a “c-” rating in a note issued to investors on Monday.
Other equities analysts have also recently issued research reports about the company. ValuEngine raised HudBay Minerals from a “hold” rating to a “buy” rating in a report on Thursday, May 11th. Zacks Investment Research raised HudBay Minerals from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Credit Suisse Group reaffirmed a “neutral” rating on shares of HudBay Minerals in a report on Tuesday, April 18th. Raymond James Financial, Inc. reaffirmed an “outperform” rating on shares of HudBay Minerals in a report on Tuesday. Finally, BidaskClub raised HudBay Minerals from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. HudBay Minerals presently has a consensus rating of “Hold” and a consensus price target of $8.06.
HudBay Minerals (NYSE HBM) opened at 7.20 on Monday. The stock has a market cap of $1.71 billion, a PE ratio of 180.00 and a beta of 3.29. HudBay Minerals has a 12-month low of $3.57 and a 12-month high of $9.15. The firm’s 50-day moving average price is $6.82 and its 200 day moving average price is $6.59.
Several institutional investors have recently made changes to their positions in HBM. GMT Capital Corp boosted its position in shares of 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 last quarter. Letko Brosseau & Associates Inc. raised its stake in HudBay Minerals by 5.7% in the second quarter. Letko Brosseau & Associates Inc. now owns 27,363,164 shares of the mining company’s stock worth $158,022,000 after buying an additional 1,469,514 shares during the period. TD Asset Management Inc. raised its stake in HudBay Minerals by 3.7% in the first quarter. TD Asset Management Inc. now owns 6,185,270 shares of the mining company’s stock worth $40,535,000 after buying an additional 217,949 shares during the period. Vanguard Group Inc. raised its stake in HudBay Minerals by 4.9% in the second quarter. Vanguard Group Inc. now owns 4,793,951 shares of the mining company’s stock worth $27,565,000 after buying an additional 224,085 shares during the period. Finally, FMR LLC bought a new stake in HudBay Minerals during the first quarter worth about $23,754,000. 62.43% of the stock is owned by institutional investors and hedge funds.
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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