What Next for HudBay Minerals Inc. Stock After Today’s Huge Decline?

 What Next for HudBay Minerals Inc. Stock After Today's Huge Decline?

The stock of HudBay Minerals Inc. (TSE:HBM) is a huge mover today! About 1.15M shares traded hands. HudBay Minerals Inc. (TSE:HBM) has risen 9.76% since March 14, 2016 and is uptrending. It has outperformed by 4.21% the S&P500.
The move comes after 5 months negative chart setup for the $1.36 billion company. It was reported on Oct, 19 by Barchart.com. We have $5.03 PT which if reached, will make TSE:HBM worth $81.60 million less.

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. Hudbay Minerals Inc has been the topic of 31 analyst reports since July 22, 2015 according to StockzIntelligence Inc. RBC Capital Markets upgraded the stock to “Outperform” rating in Monday, May 16 report. As per Monday, December 14, the company rating was maintained by RBC Capital Markets. The stock of HudBay Minerals Inc. (TSE:HBM) has “Outperform” rating given on Friday, July 29 by Scotia Capital. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, January 14. As per Friday, April 29, the company rating was maintained 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 $1.36 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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