Is Buying HudBay Minerals Inc. Here a Winning Strategy?

 Is Buying HudBay Minerals Inc. Here a Winning Strategy?

The stock of HudBay Minerals Inc. (TSE:HBM) is a huge mover today! About 560,323 shares traded hands. HudBay Minerals Inc. (TSE:HBM) has risen 26.28% since April 1, 2016 and is uptrending. It has outperformed by 24.33% the S&P500.
The move comes after 7 months positive chart setup for the $1.45 billion company. It was reported on Nov, 7 by Barchart.com. We have $8.46 PT which if reached, will make TSE:HBM worth $493.00M more.

HudBay Minerals Inc. (TSE:HBM) Ratings Coverage

Out of 8 analysts covering Hudbay Minerals Inc (TSE:HBM), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. $12 is the highest target while $4.25 is the lowest. The $8.20 average target is 29.95% above today’s ($6.31) stock price. Hudbay Minerals Inc has been the topic of 36 analyst reports since July 22, 2015 according to StockzIntelligence Inc. On Thursday, November 3 the stock rating was maintained by Scotia Capital with “Outperform”. RBC Capital Markets upgraded the stock to “Outperform” rating in Monday, May 16 report. As per Thursday, January 14, the company rating was maintained by RBC Capital Markets. The stock of HudBay Minerals Inc. (TSE:HBM) has “Sector Perform” rating given on Monday, December 14 by RBC Capital Markets. The firm earned “Outperform” rating on Thursday, November 3 by RBC Capital Markets. TD Securities upgraded the shares of HBM in a report on Thursday, November 3 to “Buy” rating. RBC Capital Markets maintained HudBay Minerals Inc. (TSE:HBM) rating on Tuesday, October 25. RBC Capital Markets has “Outperform” rating and $7 price target. Scotia Capital maintained HudBay Minerals Inc. (TSE:HBM) on Friday, July 29 with “Outperform” rating. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, April 29 report.

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 $1.45 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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