HudBay Minerals Short Interest Down 40.7% in July (HBM)
HudBay Minerals (NYSE:HBM) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 4,607,528 shares, a drop of 40.7% from the July 15th total of 7,775,196 shares, AnalystRatingsNetwork.com reports. Currently, 2.0% of the company’s stock are sold short. Based on an average trading volume of 43,314 shares, the days-to-cover ratio is presently 106.4 days.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of HudBay Minerals from an “underperform” rating to a “neutral” rating in a research note on Thursday. They now have a $10.50 price target on the stock. Separately, analysts at TD Securities upgraded shares of HudBay Minerals to a “buy” rating in a research note on Tuesday, July 22nd. Finally, 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. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. HudBay Minerals currently has a consensus rating of “Hold” and an average price target of $10.50.
HudBay Minerals (NYSE:HBM) opened at 10.03 on Monday. HudBay Minerals has a 52 week low of $6.38 and a 52 week high of $10.98. The stock’s 50-day moving average is $10.18 and its 200-day moving average is $8.83. The company’s market cap is $2.303 billion.
HudBay Minerals (NYSE:HBM) last announced its earnings results 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. Analysts expect that HudBay Minerals will post $0.10 EPS for the current fiscal year.
The company also recently announced a semiannual dividend, which is scheduled for Tuesday, September 30th. Investors 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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