HudBay Minerals Inc (HBM) Receives Consensus Recommendation of “Hold” from Brokerages
HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) has been given a consensus rating of “Hold” by the thirteen brokerages that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $8.00.
A number of research firms have weighed in on HBM. TheStreet upgraded HudBay Minerals from a “d+” rating to a “c-” rating in a research note on Monday, August 14th. Raymond James Financial, Inc. reiterated an “outperform” rating on shares of HudBay Minerals in a research note on Tuesday, August 15th. Zacks Investment Research upgraded HudBay Minerals from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. ValuEngine lowered HudBay Minerals from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, BidaskClub upgraded HudBay Minerals from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th.
HudBay Minerals (NYSE HBM) traded up 3.45% during mid-day trading on Friday, reaching $9.00. The company’s stock had a trading volume of 639,652 shares. HudBay Minerals has a one year low of $3.57 and a one year high of $9.15. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 225.00 and a beta of 3.27. The stock has a 50-day moving average price of $7.73 and a 200-day moving average price of $6.64.
The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a dividend of $0.008 per share. This represents a dividend yield of 0.22%. The ex-dividend date is Thursday, September 7th. HudBay Minerals’s dividend payout ratio (DPR) is presently 50.01%.
Several large investors have recently bought and sold shares of HBM. GMT Capital Corp boosted its stake in HudBay Minerals by 13.7% in the second quarter. GMT Capital Corp now owns 30,599,600 shares of the mining company’s stock worth $172,813,000 after buying an additional 3,678,300 shares during the period. Letko Brosseau & Associates Inc. boosted its stake in HudBay Minerals by 5.7% in the second quarter. Letko Brosseau & Associates Inc. now owns 27,363,164 shares of the mining company’s stock worth $158,022,000 after buying an additional 1,469,514 shares during the period. TD Asset Management Inc. boosted its stake in HudBay Minerals by 3.7% in the first quarter. TD Asset Management Inc. now owns 6,185,270 shares of the mining company’s stock worth $40,535,000 after buying an additional 217,949 shares during the period. Vanguard Group Inc. boosted its stake in HudBay Minerals by 4.9% in the second quarter. Vanguard Group Inc. now owns 4,793,951 shares of the mining company’s stock worth $27,565,000 after buying an additional 224,085 shares during the period. Finally, FMR LLC acquired a new stake in HudBay Minerals during the first quarter worth approximately $23,754,000. Hedge funds and other institutional investors own 64.87% 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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