Could HudBay Minerals Inc. Change Direction After Today’s Huge Decline?

 Could HudBay Minerals Inc. Change Direction After Today's Huge Decline?

The stock of HudBay Minerals Inc. (TSE:HBM) is a huge mover today! About 892,022 shares traded hands. HudBay Minerals Inc. (TSE:HBM) has risen 19.18% since March 29, 2016 and is uptrending. It has outperformed by 16.65% the S&P500.
The move comes after 9 months negative chart setup for the $1.31 billion company. It was reported on Nov, 2 by Barchart.com. We have $5.07 PT which if reached, will make TSE:HBM worth $91.70 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. $12 is the highest target while $4.25 is the lowest. The $8.16 average target is 49.72% above today’s ($5.45) stock price. Hudbay Minerals Inc has been the topic of 33 analyst reports since July 22, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, October 25 report. RBC Capital Markets maintained the shares of HBM in a report on Friday, April 29 with “Sector Perform” rating. 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 Monday, December 14 by RBC Capital Markets. RBC Capital Markets upgraded HudBay Minerals Inc. (TSE:HBM) on Monday, May 16 to “Outperform” rating. On Thursday, January 14 the stock rating was maintained by RBC Capital Markets with “Sector Perform”.

More news for HudBay Minerals Inc. (TSE:HBM) were recently published by: Business.Financialpost.com, which released: “HudBay Minerals Inc upgraded at RBC” on May 16, 2016. Moodys.com‘s article titled: “Moody’s confirms HudBay’s rating at B3, outlook negative” and published on March 01, 2016 is yet another important article.

HudBay Minerals Inc. is a Canada-based mining company. The company has a market cap of $1.31 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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