The stock of HudBay Minerals Inc. (TSE:HBM) is a huge mover today! About 839,090 shares traded hands. HudBay Minerals Inc. (TSE:HBM) has risen 92.20% since April 11, 2016 and is uptrending. It has outperformed by 88.27% the S&P500.
The move comes after 6 months negative chart setup for the $1.82 billion company. It was reported on Nov, 15 by Barchart.com. We have $7.21 PT which if reached, will make TSE:HBM worth $91.00M less.
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 8.04% above today’s ($7.59) stock price. Hudbay Minerals Inc has been the topic of 36 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by RBC Capital Markets on Thursday, November 3. Scotia Capital maintained HudBay Minerals Inc. (TSE:HBM) rating on Friday, July 29. Scotia Capital has “Outperform” rating and $8 price target. The firm has “Outperform” rating given on Monday, May 16 by RBC Capital Markets. Scotia Capital maintained the stock with “Outperform” rating in Thursday, November 3 report. The stock of HudBay Minerals Inc. (TSE:HBM) earned “Buy” rating by TD Securities on Thursday, November 3. The rating was maintained by RBC Capital Markets on Friday, April 29 with “Sector Perform”. The stock of HudBay Minerals Inc. (TSE:HBM) earned “Sector Perform” rating by RBC Capital Markets on Thursday, January 14. On Monday, December 14 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. On Tuesday, October 25 the stock rating was maintained by RBC Capital Markets with “Outperform”.
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 $1.82 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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