HudBay Minerals Reaches New 12-Month High at $9.26 (HBM)
Shares of HudBay Minerals (NYSE:HBM) reached a new 52-week high during trading on Wednesday , AR Network reports. The stock traded as high as $9.26 and last traded at $9.25, with a volume of 10,555 shares changing hands. The stock had previously closed at $8.96.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of HudBay Minerals from a “neutral” rating to an “underperform” rating in a research note on Tuesday, May 6th. They now have a $8.30 price target on the stock. Separately, analysts at Paradigm Capital upgraded shares of HudBay Minerals to a “buy” rating in a research note on Monday, May 5th. Finally, analysts at Haywood Securities downgraded shares of HudBay Minerals to a “hold” rating in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $9.77.
The stock has a 50-day moving average of $8.25 and a 200-day moving average of $7.96. The company’s market cap is $1.756 billion.
HudBay Minerals (NYSE:HBM) last announced its earnings results on Wednesday, April 30th. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.04 by $0.09. On average, analysts predict that HudBay Minerals will post $0.18 earnings per share for the current fiscal year.
HudBay Minerals Inc (NYSE:HBM) is an integrated mining company.
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