Today Hudbay Minerals Incorporated (NYSE:HBM) Reported Increase in Shorted Shares

January 20, 2018 - By Peter Erickson

 Today Hudbay Minerals Incorporated (NYSE:HBM) Reported Increase in Shorted Shares

The stock of Hudbay Minerals Incorporated (NYSE:HBM) registered an increase of 5.78% in short interest. HBM’s total short interest was 4.61M shares in January as published by FINRA. Its up 5.78% from 4.36 million shares, reported previously. With 564,800 shares average volume, it will take short sellers 8 days to cover their HBM’s short positions. The short interest to Hudbay Minerals Incorporated’s float is 2.21%.

The stock increased 1.63% or $0.15 during the last trading session, reaching $9.35. About 2.00M shares traded or 160.92% up from the average. Hudbay Minerals Inc. (NYSE:HBM) has risen 39.53% since January 20, 2017 and is uptrending. It has outperformed by 22.83% the S&P500.

Hudbay Minerals Inc., an integrated mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. The company has market cap of $2.38 billion. It produces copper concentrates containing copper, gold, and silver; and zinc metal. It has a 131.69 P/E ratio. The firm owns four polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and a copper project in Arizona, United States.

Hudbay Minerals Inc. (NYSE:HBM) Ratings Coverage

Among 5 analysts covering Hudbay Minerals Inc (NYSE:HBM), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. Hudbay Minerals Inc had 14 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Market Perform” rating by BMO Capital Markets on Monday, October 2. The company was downgraded on Tuesday, August 2 by BMO Capital Markets. Canaccord Genuity upgraded the stock to “Hold” rating in Thursday, August 6 report. The stock of Hudbay Minerals Inc. (NYSE:HBM) has “Outperform” rating given on Monday, May 16 by RBC Capital Markets. Barclays Capital downgraded the stock to “Underweight” rating in Thursday, January 14 report. The stock of Hudbay Minerals Inc. (NYSE:HBM) has “Neutral” rating given on Monday, September 11 by Credit Suisse. The firm earned “Neutral” rating on Wednesday, April 19 by Credit Suisse. The stock of Hudbay Minerals Inc. (NYSE:HBM) earned “Outperform” rating by BMO Capital Markets on Thursday, September 29. Raymond James maintained the stock with “Outperform” rating in Thursday, September 3 report.

More important recent Hudbay Minerals Inc. (NYSE:HBM) news were published by: Tucson.com which released: “EPA attacks Rosemont Mine’s newest land restoration plan” on January 07, 2018, also Prnewswire.com published article titled: “Metals & Minerals Stocks’ Research Reports Released on CONSOL Energy, Hudbay …”, Mining.com published: “Hudbay Minerals expands footprint in Peru” on January 09, 2018. More interesting news about Hudbay Minerals Inc. (NYSE:HBM) was released by: Seekingalpha.com and their article: “Hudbay Minerals Has Promising Potential” with publication date: December 21, 2017.

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