HudBay Minerals Inc (HBM) Earns Outperform Rating from Raymond James Financial, Inc.
HudBay Minerals Inc (NYSE:HBM) (TSE:HBM)‘s stock had its “outperform” rating restated by equities researchers at Raymond James Financial, Inc. in a research note issued on Tuesday.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research downgraded HudBay Minerals from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 18th. BidaskClub upgraded HudBay Minerals from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. ValuEngine cut HudBay Minerals from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Credit Suisse Group AG reiterated a “neutral” rating on shares of HudBay Minerals in a research report on Tuesday, April 18th. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. HudBay Minerals has a consensus rating of “Hold” and a consensus price target of $8.06.
HudBay Minerals (NYSE:HBM) traded down 0.69% during midday trading on Tuesday, hitting $7.20. 476,874 shares of the stock traded hands. The company has a 50-day moving average of $6.77 and a 200-day moving average of $6.59. The stock has a market cap of $1.71 billion, a PE ratio of 180.00 and a beta of 3.29. HudBay Minerals has a 12 month low of $3.57 and a 12 month high of $9.15.
Several hedge funds have recently bought and sold shares of the stock. Trexquant Investment LP boosted its stake in HudBay Minerals by 78.7% in the second quarter. Trexquant Investment LP now owns 18,768 shares of the mining company’s stock worth $108,000 after buying an additional 8,268 shares during the period. Quantbot Technologies LP acquired a new stake in HudBay Minerals during the first quarter worth approximately $118,000. Brave Asset Management Inc. acquired a new stake in HudBay Minerals during the second quarter worth approximately $121,000. Massachusetts Financial Services Co. MA acquired a new stake in HudBay Minerals during the first quarter worth approximately $127,000. Finally, ARP Americas LLC acquired a new stake in HudBay Minerals during the first quarter worth approximately $140,000. Institutional investors and hedge funds own 62.43% of the company’s stock.
HudBay Minerals Company Profile
Hudbay Minerals Inc is a Canada-based mining company. The Company is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal. The Company is focused on the discovery, production and marketing of base and precious metals. The Company has assets in North and South America.
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