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HudBay Minerals (NYSE:HBM) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Tuesday, American Banking News reports. They currently have a $8.30 price target on the stock. Zacks‘s price target would suggest a potential downside of 5.03% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Paradigm Capital upgraded shares of HudBay Minerals to a “buy” rating in a research note on Monday. Separately, analysts at Haywood Securities downgraded shares of HudBay Minerals to a “hold” rating in a research note on Monday. Finally, analysts at Desjardins initiated coverage on shares of HudBay Minerals in a research note on Thursday, April 10th. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. HudBay Minerals currently has an average rating of “Hold” and an average target price of $9.77.

HudBay Minerals (NYSE:HBM) traded down 2.15% on Tuesday, hitting $8.552. The stock had a trading volume of 8,807 shares. HudBay Minerals has a 1-year low of $5.78 and a 1-year high of $9.14. The stock has a 50-day moving average of $8.02 and a 200-day moving average of $7.93. The company’s market cap is $1.591 billion.

HudBay Minerals (NYSE:HBM) last released its earnings data on Wednesday, April 30th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.09. On average, analysts predict that HudBay Minerals will post $0.22 earnings per share for the current fiscal year.

HudBay Minerals Inc (NYSE:HBM) is an integrated mining company.

To view Zacks’ full report, visit Zacks’ official website.

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