HudBay Minerals Downgraded by Zacks to Underperform (HBM)
HudBay Minerals (NYSE:HBM) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Tuesday, AnalystRatingsNetwork.com reports. They currently have a $7.40 price target on the stock. Zacks‘ price target would suggest a potential downside of 5.01% from the company’s current price.
A number of other analysts have also recently weighed in on HBM. Analysts at BMO Capital Markets initiated coverage on shares of HudBay Minerals in a research note to investors on Wednesday, September 11th. They set a “market perform” rating on the stock. Analysts at Raymond James downgraded shares of HudBay Minerals from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $11.91.
HudBay Minerals (NYSE:HBM) traded down 0.13% on Tuesday, hitting $7.79. 39,063 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 has a 50-day moving average of $7.56 and a 200-day moving average of $7.60. The company’s market cap is $1.340 billion.
HudBay Minerals Inc (NYSE:HBM) is an integrated mining company.
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