Somewhat Favorable News Coverage Extremely Likely to Affect Hudbay Minerals (HBM) Share Price
Media stories about Hudbay Minerals (TSE:HBM) (NYSE:HBM) have trended somewhat positive on Friday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Hudbay Minerals earned a news sentiment score of 1.57 on their scale. InfoTrie also assigned media coverage about the mining company an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have impacted Hudbay Minerals’ ranking:
- Hudbay Minerals (HBM) Receiving Somewhat Positive News Coverage, InfoTrie Reports (americanbankingnews.com)
- Is Hudbay Minerals Inc. (TSX:HBM)’s Volatility at Stake as Cash Flow Change Reaches -0.14285 – Riverdale Standard (riverdalestandard.com)
- Insider Buying: Hudbay Minerals Inc (HBM) Insider Acquires 17,000 Shares of Stock (americanbankingnews.com)
- Hudbay Minerals Inc (HBM) Receives Average Rating of “Buy” from Brokerages (americanbankingnews.com)
HBM stock opened at C$6.56 on Friday. The company has a debt-to-equity ratio of 48.06, a quick ratio of 1.93 and a current ratio of 2.44. Hudbay Minerals has a 1-year low of C$4.51 and a 1-year high of C$12.65.
A number of analysts recently issued reports on HBM shares. CIBC dropped their price target on shares of Hudbay Minerals from C$12.00 to C$10.00 in a research note on Friday, August 31st. Raymond James set a C$9.00 price target on shares of Hudbay Minerals in a research note on Friday, October 5th. CSFB restated a “neutral” rating and issued a C$8.50 price target on shares of Hudbay Minerals in a research note on Monday, September 10th. Finally, Royal Bank of Canada dropped their price target on shares of Hudbay Minerals from C$13.00 to C$11.00 and set an “outperform” rating for the company in a research note on Monday, August 13th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of C$10.80.
In other Hudbay Minerals news, insider Gmt Capital Corp bought 17,000 shares of the stock in a transaction on Monday, December 3rd. The stock was purchased at an average price of C$5.42 per share, for a total transaction of C$92,140.00. Also, Director Carin Shirley Knickel bought 15,000 shares of the stock in a transaction on Monday, September 24th. The shares were acquired at an average price of C$5.05 per share, with a total value of C$75,750.00. In the last quarter, insiders have acquired 73,600 shares of company stock valued at $361,974.
About Hudbay Minerals
Hudbay Minerals Inc, an integrated mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; and zinc metal. The company owns four polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and a copper project in Arizona, the United States.
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