HudBay Minerals Inc (HBM) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) from a hold rating to a buy rating in a research note published on Thursday, May 11th.

Other analysts have also recently issued reports about the company. TheStreet upgraded HudBay Minerals from a d rating to a c- rating in a research report on Tuesday, February 21st. Zacks Investment Research cut HudBay Minerals from a buy rating to a hold rating in a research report on Wednesday, April 5th. BMO Capital Markets started coverage on HudBay Minerals in a research report on Thursday, February 2nd. They issued a market perform rating for the company. Credit Suisse Group restated a neutral rating on shares of HudBay Minerals in a research report on Tuesday, April 18th. Finally, National Bank Financial upgraded HudBay Minerals from a sec perform spec market wgt rating to an outperform spec market weight rating in a research report on Thursday, January 12th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $8.06.

Shares of HudBay Minerals (HBM) opened at 4.85 on Thursday. The firm’s 50-day moving average is $5.39 and its 200-day moving average is $6.61. HudBay Minerals has a one year low of $3.57 and a one year high of $9.15. The stock’s market capitalization is $1.15 billion.

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Several institutional investors have recently made changes to their positions in the stock. Trexquant Investment LP acquired a new position in shares of HudBay Minerals during the fourth quarter valued at approximately $101,000. Quantbot Technologies LP acquired a new position in shares of HudBay Minerals during the first quarter valued at approximately $118,000. Massachusetts Financial Services Co. MA acquired a new position in shares of HudBay Minerals during the first quarter valued at approximately $127,000. ARP Americas LLC acquired a new position in shares of HudBay Minerals during the first quarter valued at approximately $140,000. Finally, PNC Financial Services Group Inc. acquired a new position in shares of HudBay Minerals during the third quarter valued at approximately $144,000. 64.08% of the stock is currently owned by institutional investors and hedge funds.

HudBay Minerals Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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