HudBay Minerals Upgraded to “Neutral” at Zacks (HBM)
HudBay Minerals (NYSE:HBM) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Wednesday. The firm currently has a $9.20 price target on the stock. Zacks‘s price objective would suggest a potential upside of 2.00% from the stock’s previous close.
A number of other analysts have also recently weighed in on HBM. Analysts at CIBC downgraded shares of HudBay Minerals from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, May 27th. 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. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. HudBay Minerals presently has a consensus rating of “Hold” and an average target price of $10.07.
Shares of HudBay Minerals (NYSE:HBM) traded up 1.44% during mid-day trading on Wednesday, hitting $9.1499. The stock had a trading volume of 6,939 shares. HudBay Minerals has a 52 week low of $5.78 and a 52 week high of $9.95. The stock’s 50-day moving average is $8.79 and its 200-day moving average is $8.0. The company’s market cap is $1.766 billion.
HudBay Minerals (NYSE:HBM) last issued its quarterly 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. Analysts expect that HudBay Minerals will post $0.13 EPS for the current fiscal year.
HudBay Minerals Inc (NYSE:HBM) is an integrated mining company.
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