Notable Reporting: HudBay Minerals Inc’s Trend Down, Especially After Today’s Weak Session

Notable Reporting: HudBay Minerals Inc's Trend Down, Especially After Today's Weak Session

The stock of HudBay Minerals Inc (NYSE:HBM) is a huge mover today! About 424,367 shares traded hands or 59.58% up from the average. HudBay Minerals Inc (NYSE:HBM) has risen 81.27% since April 14, 2016 and is uptrending. It has outperformed by 76.58% the S&P500.
The move comes after 7 months negative chart setup for the $1.42B company. It was reported on Nov, 16 by Barchart.com. We have $5.14 PT which if reached, will make NYSE:HBM worth $127.80M less.

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. Canaccord Genuity upgraded the shares of HBM in a report on Thursday, August 6 to “Hold” rating. RBC Capital Markets upgraded it to “Outperform” rating and $7.50 target price in Monday, May 16 report. Raymond James maintained the shares of HBM in a report on Thursday, September 3 with “Outperform” rating. The company was downgraded on Tuesday, August 2 by BMO Capital Markets. BMO Capital Markets upgraded the stock to “Outperform” rating in Thursday, September 29 report. Barclays Capital downgraded HudBay Minerals Inc (NYSE:HBM) on Thursday, January 14 to “Underweight” rating.

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.”

Another recent and important HudBay Minerals Inc (NYSE:HBM) news was published by Business.Financialpost.com which published an article titled: “HudBay Minerals Inc upgraded at RBC” on May 16, 2016.

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