What Will Happen to HudBay Minerals Inc. Next? The Stock Just Boosted A Lot

 What Will Happen to HudBay Minerals Inc. Next? The Stock Just Boosted A Lot

The stock of HudBay Minerals Inc. (TSE:HBM) is a huge mover today! About 387,000 shares traded hands. HudBay Minerals Inc. (TSE:HBM) has declined 3.28% since March 10, 2016 and is downtrending. It has underperformed by 8.89% the S&P500.
The move comes after 8 months positive chart setup for the $1.16 billion company. It was reported on Oct, 17 by Barchart.com. We have $6.67 PT which if reached, will make TSE:HBM worth $394.40M more.

HudBay Minerals Inc. (TSE:HBM) Ratings Coverage

Out of 8 analysts covering Hudbay Minerals Inc (TSE:HBM), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. $12 is the highest target while $4.25 is the lowest. The $8.23 average target is 65.26% above today’s ($4.98) stock price. Hudbay Minerals Inc has been the topic of 31 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm earned “Sector Perform” rating on Thursday, January 14 by RBC Capital Markets. The firm earned “Sector Perform” rating on Monday, December 14 by RBC Capital Markets. The stock of HudBay Minerals Inc. (TSE:HBM) earned “Outperform” rating by RBC Capital Markets on Monday, May 16. Scotia Capital maintained the stock with “Outperform” rating in Friday, July 29 report. The stock of HudBay Minerals Inc. (TSE:HBM) has “Sector Perform” rating given on Friday, April 29 by RBC Capital Markets.

Another recent and important HudBay Minerals Inc. (TSE:HBM) news was published by Business.Financialpost.com which published an article titled: “HudBay Minerals Inc upgraded at RBC” on May 16, 2016.

HudBay Minerals Inc. is a Canada-based mining company. The company has a market cap of $1.16 billion. The Firm is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal. It currently has negative earnings. The Firm is focused on the discovery, production and marketing of base and precious metals.

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