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Shares of HudBay Minerals (NYSE:HBM) have received an average rating of “Hold” from the ten brokerages that are covering the company, AR Network reports. Five equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $10.50.

Several analysts have recently commented on the stock. Analysts at TD Securities upgraded shares of HudBay Minerals to a “buy” rating in a research note on Tuesday, July 22nd. Separately, analysts at Scotiabank upgraded shares of HudBay Minerals from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, July 21st. Finally, 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.

Shares of HudBay Minerals (NYSE:HBM) traded down 1.46% on Thursday, hitting $10.10. 9,703 shares of the company’s stock traded hands. HudBay Minerals has a one year low of $6.38 and a one year high of $10.98. The stock has a 50-day moving average of $10.1 and a 200-day moving average of $8.81. The company’s market cap is $2.320 billion. HudBay Minerals also was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totalling 4,607,528 shares, a decrease of 40.7% from the July 15th total of 7,775,196 shares. Based on an average trading volume of 43,314 shares, the days-to-cover ratio is currently 106.4 days. Approximately 2.0% of the company’s shares are sold short.

HudBay Minerals (NYSE:HBM) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.02. On average, analysts predict that HudBay Minerals will post $0.11 earnings per share for the current fiscal year.

The company also recently announced a semiannual dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.0093 per share. This represents a dividend yield of 0.17%. The ex-dividend date is Wednesday, September 10th.

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

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