Hudbay Minerals Inc (HBM) Given Average Rating of “Hold” by Analysts

Shares of Hudbay Minerals Inc (NYSE:HBM) (TSE:HBM) have been given a consensus recommendation of “Hold” by the nine ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $11.38.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research lowered Hudbay Minerals from a “hold” rating to a “sell” rating in a research note on Wednesday. BMO Capital Markets increased their price target on Hudbay Minerals from $10.50 to $10.75 and gave the stock a “market perform” rating in a research note on Monday, October 2nd. ValuEngine raised Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Finally, Credit Suisse Group increased their price target on Hudbay Minerals from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, September 11th.

Hudbay Minerals (NYSE:HBM) traded down $0.10 during mid-day trading on Friday, reaching $9.38. The company had a trading volume of 365,324 shares, compared to its average volume of 616,192. Hudbay Minerals has a 12-month low of $4.60 and a 12-month high of $9.55. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. The stock has a market cap of $2,470.00, a price-to-earnings ratio of 156.33 and a beta of 3.17.

Institutional investors have recently modified their holdings of the business. Systematic Financial Management LP increased its holdings in shares of Hudbay Minerals by 15.5% during the 2nd quarter. Systematic Financial Management LP now owns 583,635 shares of the mining company’s stock worth $3,356,000 after buying an additional 78,395 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Hudbay Minerals by 4.9% during the second quarter. Vanguard Group Inc. now owns 4,793,951 shares of the mining company’s stock valued at $27,565,000 after acquiring an additional 224,085 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Hudbay Minerals by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 2,884,880 shares of the mining company’s stock valued at $16,655,000 after acquiring an additional 83,094 shares in the last quarter. AGF Investments Inc. grew its stake in shares of Hudbay Minerals by 26.2% during the second quarter. AGF Investments Inc. now owns 2,585,096 shares of the mining company’s stock valued at $14,959,000 after acquiring an additional 536,938 shares in the last quarter. Finally, AXA grew its stake in shares of Hudbay Minerals by 109.2% during the second quarter. AXA now owns 571,200 shares of the mining company’s stock valued at $3,284,000 after acquiring an additional 298,200 shares in the last quarter. 64.03% of the stock is currently owned by institutional investors.

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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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