HudBay Minerals Inc (HBM) Lifted to “C-” at TheStreet
HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) was upgraded by equities research analysts at TheStreet from a “d+” rating to a “c-” rating in a report released on Monday, August 14th.
HBM has been the topic of a number of other reports. Zacks Investment Research cut HudBay Minerals from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. ValuEngine cut HudBay Minerals from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th. BidaskClub upgraded HudBay Minerals from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Credit Suisse Group reiterated a “neutral” rating on shares of HudBay Minerals in a research report on Tuesday, April 18th. Finally, Raymond James Financial, Inc. restated an “outperform” rating on shares of HudBay Minerals in a report on Tuesday, August 15th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. HudBay Minerals has an average rating of “Hold” and a consensus target price of $8.06.
Shares of HudBay Minerals (NYSE:HBM) traded up 5.06% during trading on Monday, hitting $8.30. 976,659 shares of the stock traded hands. HudBay Minerals has a 52 week low of $3.57 and a 52 week high of $9.15. The firm’s 50-day moving average price is $7.01 and its 200-day moving average price is $6.61. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 207.50 and a beta of 3.29.
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Several hedge funds have recently made changes to their positions in HBM. Norges Bank purchased a new position in HudBay Minerals during the fourth quarter valued at about $1,679,000. Swiss National Bank boosted its position in HudBay Minerals by 1.5% in the first quarter. Swiss National Bank now owns 394,100 shares of the mining company’s stock valued at $2,590,000 after buying an additional 5,800 shares in the last quarter. Global X Management Co. LLC boosted its position in HudBay Minerals by 7.7% in the first quarter. Global X Management Co. LLC now owns 425,060 shares of the mining company’s stock valued at $2,786,000 after buying an additional 30,438 shares in the last quarter. AQR Capital Management LLC boosted its position in HudBay Minerals by 68.7% in the first quarter. AQR Capital Management LLC now owns 419,418 shares of the mining company’s stock valued at $2,749,000 after buying an additional 170,774 shares in the last quarter. Finally, ARP Americas LLC purchased a new position in HudBay Minerals during the first quarter valued at about $140,000. Institutional investors own 62.43% of the company’s stock.
About HudBay Minerals
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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