HudBay Minerals Inc (HBM) Rating Lowered to Strong Sell at BidaskClub

HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Tuesday.

Other analysts also recently issued research reports about the stock. ValuEngine upgraded shares of HudBay Minerals from a “hold” rating to a “buy” rating in a report on Thursday, May 11th. TheStreet upgraded shares of HudBay Minerals from a “d” rating to a “c-” rating in a report on Tuesday, February 21st. Zacks Investment Research downgraded shares of HudBay Minerals from a “buy” rating to a “hold” rating in a report on Wednesday, April 5th. Finally, Credit Suisse Group restated a “neutral” rating on shares of HudBay Minerals in a report on Tuesday, April 18th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. HudBay Minerals has a consensus rating of “Hold” and an average target price of $8.06.

Analyst Recommendations for HudBay Minerals (NYSE:HBM)

Shares of HudBay Minerals (NYSE HBM) traded down 4.327% on Tuesday, hitting $4.688. 567,214 shares of the stock were exchanged. The stock’s market cap is $1.11 billion. HudBay Minerals has a 1-year low of $3.57 and a 1-year high of $9.15. The stock’s 50-day moving average is $5.36 and its 200-day moving average is $6.60.

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A number of institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in shares of HudBay Minerals during the fourth quarter worth $1,679,000. Russell Investments Group Ltd. acquired a new position in shares of HudBay Minerals during the fourth quarter worth $3,628,000. Swiss National Bank raised its position in shares of HudBay Minerals by 1.5% in the first quarter. Swiss National Bank now owns 394,100 shares of the mining company’s stock worth $2,590,000 after buying an additional 5,800 shares in the last quarter. ARP Americas LLC acquired a new position in shares of HudBay Minerals during the first quarter worth $140,000. Finally, Renaissance Technologies LLC raised its position in shares of HudBay Minerals by 34.1% in the fourth quarter. Renaissance Technologies LLC now owns 734,563 shares of the mining company’s stock worth $4,192,000 after buying an additional 186,681 shares in the last quarter. Hedge funds and other institutional investors own 64.08% 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “HBM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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