Exclusive: How Analysts Feel About HudBay Minerals Inc After Today’s Huge Increase?

Exclusive: How Analysts Feel About HudBay Minerals Inc After Today's Huge Increase?

The stock of HudBay Minerals Inc (NYSE:HBM) is a huge mover today! About 383,990 shares traded hands or 31.68% up from the average. HudBay Minerals Inc (NYSE:HBM) has risen 39.72% since April 20, 2016 and is uptrending. It has outperformed by 35.17% the S&P500.
The move comes after 9 months positive chart setup for the $1.43B company. It was reported on Nov, 22 by Barchart.com. We have $7.02 PT which if reached, will make NYSE:HBM worth $114.40M 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. BMO Capital Markets upgraded the shares of HBM in a report on Thursday, September 29 to “Outperform” rating. The stock has “Outperform” rating given by RBC Capital Markets on Monday, May 16. On Tuesday, August 2 the stock rating was downgraded by BMO Capital Markets to “Market Perform”. The stock of HudBay Minerals Inc (NYSE:HBM) has “Hold” rating given on Thursday, August 6 by Canaccord Genuity. As per Thursday, September 3, the company rating was maintained by Raymond James. The stock of HudBay Minerals Inc (NYSE:HBM) has “Underweight” rating given on Thursday, January 14 by Barclays Capital.

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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