HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) had its price objective boosted by Credit Suisse Group from $11.00 to $12.00 in a report issued on Monday. Credit Suisse Group currently has a neutral rating on the mining company’s stock.
HBM has been the subject of a number of other reports. TheStreet upgraded HudBay Minerals from a d+ rating to a c- rating in a report on Monday, August 14th. BidaskClub upgraded HudBay Minerals from a strong sell rating to a sell rating in a report on Tuesday, June 27th. ValuEngine downgraded HudBay Minerals from a buy rating to a hold rating in a report on Tuesday, July 25th. J P Morgan Chase & Co upgraded HudBay Minerals from a neutral rating to an overweight rating in a report on Tuesday, September 5th. Finally, Zacks Investment Research upgraded HudBay Minerals from a sell rating to a hold rating in a report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of $8.39.
HudBay Minerals (NYSE:HBM) opened at 7.57 on Monday. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 189.38 and a beta of 3.28. The stock has a 50 day moving average price of $8.04 and a 200 day moving average price of $6.63. HudBay Minerals has a 52-week low of $3.57 and a 52-week high of $9.35.
The company also recently declared a Semi-Annual dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be given a dividend of $0.008 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a yield of 0.22%. HudBay Minerals’s dividend payout ratio (DPR) is currently 50.01%.
Institutional investors and hedge funds have recently modified their holdings of the business. Trexquant Investment LP boosted its position in HudBay Minerals by 78.7% during the second quarter. Trexquant Investment LP now owns 18,768 shares of the mining company’s stock valued at $108,000 after acquiring an additional 8,268 shares during the last quarter. Quantbot Technologies LP bought a new stake in HudBay Minerals during the first quarter valued at $118,000. Brave Asset Management Inc. bought a new stake in HudBay Minerals during the second quarter valued at $121,000. Massachusetts Financial Services Co. MA bought a new stake in HudBay Minerals during the first quarter valued at $127,000. Finally, Oxford Asset Management bought a new stake in HudBay Minerals during the first quarter valued at $159,000. 64.87% 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.
Receive News & Ratings for HudBay Minerals Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HudBay Minerals Inc and related companies with our FREE daily email newsletter.