Stock Mover of the Day: Time to Buy HudBay Minerals Inc After Today’s Significant Increase?

Stock Mover of the Day: Time to Buy HudBay Minerals Inc After Today's Significant Increase?

The stock of HudBay Minerals Inc (NYSE:HBM) is a huge mover today! About 165,468 shares traded hands. HudBay Minerals Inc (NYSE:HBM) has risen 33.74% since April 5, 2016 and is uptrending. It has outperformed by 31.78% the S&P500.
The move comes after 6 months positive chart setup for the $1.04B company. It was reported on Nov, 7 by Barchart.com. We have $5.93 PT which if reached, will make NYSE:HBM worth $239.20 million more.

HudBay Minerals Inc (NYSE:HBM) Ratings Coverage

Out of 4 analysts covering Hudbay Minerals Inc (NYSE:HBM), 3 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 75% are positive. Hudbay Minerals Inc has been the topic of 10 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Thursday, August 6 by Canaccord Genuity. The firm has “Outperform” rating by BMO Capital Markets given on Thursday, September 29. On Thursday, September 3 the stock rating was maintained by Raymond James with “Outperform”. On Tuesday, August 2 the stock rating was downgraded by BMO Capital Markets to “Market Perform”. RBC Capital Markets upgraded HudBay Minerals Inc (NYSE:HBM) rating on Monday, May 16. RBC Capital Markets has “Outperform” rating and $7.50 price target. Barclays Capital downgraded HudBay Minerals Inc (NYSE:HBM) rating on Thursday, January 14. Barclays Capital has “Underweight” rating and $4 price target.

According to Zacks Investment Research, “HudBay Minerals Inc. is a mining company and engages in discovery, production and marketing of base metals in North and Central America. It owns zinc and copper mines, concentrators and metal production facilities in northern Manitoba and Saskatchewan, zinc oxide production facility in Ontario, copper refinery in Michigan and nickel project in Guatemala. In addition to its primary products, zinc and copper, HudBay also produces gold, silver and zinc oxide. HudBay Minerals Inc. is headquartered in Toronto, Canada.”

More news for HudBay Minerals Inc (NYSE: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.

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