Hudbay Minerals Inc (NYSE:HBM) (TSE:HBM) has been assigned an average rating of “Hold” from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $11.38.
Several equities research analysts have recently issued reports on HBM shares. Canaccord Genuity lowered Hudbay Minerals from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. ValuEngine lowered Hudbay Minerals from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Zacks Investment Research lowered Hudbay Minerals from a “strong-buy” rating to a “hold” rating in a research report on Saturday, January 20th. Finally, National Bank Financial lowered Hudbay Minerals from an “outperform” rating to a “sector perform” rating in a research report on Thursday, January 18th.
Shares of Hudbay Minerals (HBM) traded down $0.08 during trading on Friday, hitting $7.62. The stock had a trading volume of 794,877 shares, compared to its average volume of 947,724. Hudbay Minerals has a 1 year low of $4.60 and a 1 year high of $10.25. The stock has a market cap of $2,010.00, a price-to-earnings ratio of 14.48 and a beta of 2.98. The company has a current ratio of 1.87, a quick ratio of 1.47 and a debt-to-equity ratio of 0.49.
Several hedge funds have recently bought and sold shares of the company. ICM Asset Management Inc. WA grew its stake in shares of Hudbay Minerals by 64.4% during the 4th quarter. ICM Asset Management Inc. WA now owns 388,670 shares of the mining company’s stock worth $3,420,000 after acquiring an additional 152,295 shares during the period. LPL Financial LLC bought a new position in shares of Hudbay Minerals during the 4th quarter worth $243,000. Millennium Management LLC grew its stake in shares of Hudbay Minerals by 98.3% during the 4th quarter. Millennium Management LLC now owns 1,271,829 shares of the mining company’s stock worth $11,192,000 after acquiring an additional 630,305 shares during the period. Paloma Partners Management Co bought a new position in shares of Hudbay Minerals during the 4th quarter worth $204,000. Finally, Two Sigma Investments LP grew its stake in shares of Hudbay Minerals by 144.7% during the 4th quarter. Two Sigma Investments LP now owns 1,616,724 shares of the mining company’s stock worth $14,320,000 after acquiring an additional 956,148 shares during the period. Institutional investors own 71.10% of the company’s stock.
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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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