HudBay Minerals Inc. (NYSE:HBM) (TSE:HBM) has been given a $9.00 price objective by equities researchers at Credit Suisse Group AG in a research note issued to investors on Tuesday. The firm presently has a “hold” rating on the mining company’s stock. Credit Suisse Group AG’s price target indicates a potential upside of 36.36% from the stock’s current price.

HBM has been the topic of a number of other research reports. TD Securities upgraded shares of HudBay Minerals from a “hold” rating to a “buy” rating and upped their target price for the stock from $6.50 to $7.50 in a report on Thursday, November 3rd. Scotiabank reaffirmed an “outperform” rating and issued a $7.50 price objective (down from $8.00) on shares of HudBay Minerals in a research report on Monday, September 19th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $7.00 price objective on shares of HudBay Minerals in a research report on Wednesday, October 26th. BMO Capital Markets downgraded shares of HudBay Minerals from an “outperform” rating to a “market perform” rating and set a $7.50 price objective for the company. in a research report on Tuesday, August 2nd. They noted that the move was a valuation call. Finally, Barclays PLC reaffirmed an “underweight” rating on shares of HudBay Minerals in a research report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $7.08.

Analyst Recommendations for HudBay Minerals (NYSE:HBM)

Shares of HudBay Minerals (NYSE:HBM) opened at 6.60 on Tuesday. The firm’s 50-day moving average is $4.60 and its 200 day moving average is $4.50. The firm’s market capitalization is $1.56 billion. HudBay Minerals has a 12 month low of $1.56 and a 12 month high of $6.65.

HudBay Minerals (NYSE:HBM) last posted its earnings results on Thursday, November 3rd. The mining company reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.09. HudBay Minerals had a negative net margin of 21.19% and a positive return on equity of 1.04%. The company had revenue of $311.40 million for the quarter, compared to analyst estimates of $268.89 million. During the same quarter in the prior year, the business posted ($0.05) EPS. The firm’s revenue was up 15.4% compared to the same quarter last year. On average, equities research analysts anticipate that HudBay Minerals will post $0.07 EPS for the current year.

Several hedge funds have recently made changes to their positions in HBM. Dimensional Fund Advisors LP boosted its stake in shares of HudBay Minerals by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 128,059 shares of the mining company’s stock worth $612,000 after buying an additional 2,400 shares during the last quarter. PineBridge Investments L.P. boosted its stake in shares of HudBay Minerals by 16.2% in the second quarter. PineBridge Investments L.P. now owns 65,773 shares of the mining company’s stock worth $406,000 after buying an additional 9,160 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of HudBay Minerals by 8.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 162,188 shares of the mining company’s stock worth $640,000 after buying an additional 12,906 shares during the last quarter. AXA boosted its stake in shares of HudBay Minerals by 8.7% in the second quarter. AXA now owns 222,000 shares of the mining company’s stock worth $1,055,000 after buying an additional 17,700 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of HudBay Minerals by 389.2% in the third quarter. Tower Research Capital LLC TRC now owns 34,970 shares of the mining company’s stock worth $182,000 after buying an additional 27,821 shares during the last quarter. Institutional investors own 73.13% of the company’s stock.

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About HudBay Minerals

HudBay Minerals Inc is a Canada-based mining company. The Company is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal. The Company is focused on the discovery, production and marketing of base and precious metals. The Company has assets in North and South America.

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