BMO Capital Markets Initiates Coverage on HudBay Minerals (HBM)
Stock analysts at BMO Capital Markets began coverage on shares of HudBay Minerals (NYSE:HBM) in a report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating on the stock.
Shares of HudBay Minerals (NYSE:HBM) traded up 0.38% during mid-day trading on Wednesday, hitting $7.87. 2,760 shares of the company’s stock traded hands. HudBay Minerals has a 1-year low of $5.78 and a 1-year high of $12.04. The stock’s 50-day moving average is $6.75 and its 200-day moving average is $7.8. The company’s market cap is $1.354 billion.
HBM has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of HudBay Minerals (NYSE:HBM) from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, September 2nd. They now have a $6.80 price target on the stock. Separately, analysts at Raymond James downgraded shares of HudBay Minerals (NYSE:HBM) from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, August 6th.
One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $11.83.
The company also recently declared a semiannual dividend, which is scheduled for Friday, September 27th. Investors of record on Friday, September 13th will be given a dividend of $0.01 per share. This represents a yield of 0.31%. The ex-dividend date of this dividend is Wednesday, September 11th.
HudBay Minerals Inc (NYSE:HBM) is an integrated mining company.
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