Shares of HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) have been given a consensus recommendation of “Hold” by the twelve analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $10.25.

HBM has been the topic of a number of recent research reports. ValuEngine lowered shares of HudBay Minerals from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded shares of HudBay Minerals from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Raymond James Financial, Inc. reiterated an “outperform” rating on shares of HudBay Minerals in a report on Tuesday, August 15th. TheStreet upgraded shares of HudBay Minerals from a “d+” rating to a “c-” rating in a report on Monday, August 14th. Finally, J P Morgan Chase & Co raised shares of HudBay Minerals from a “neutral” rating to an “overweight” rating in a research report on Tuesday, September 5th.

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HudBay Minerals (HBM) traded up $0.15 during trading on Thursday, hitting $7.70. 469,605 shares of the company traded hands, compared to its average volume of 707,280. HudBay Minerals has a 1-year low of $4.60 and a 1-year high of $9.35. The company has a quick ratio of 1.33, a current ratio of 1.74 and a debt-to-equity ratio of 0.51. The stock has a market cap of $2,010.00, a price-to-earnings ratio of 20.26 and a beta of 3.21.

A number of hedge funds have recently bought and sold shares of HBM. GMT Capital Corp lifted its stake in HudBay Minerals by 13.7% in the second quarter. GMT Capital Corp now owns 30,599,600 shares of the mining company’s stock valued at $172,813,000 after buying an additional 3,678,300 shares during the last quarter. Commonwealth Bank of Australia acquired a new position in shares of HudBay Minerals during the second quarter valued at $9,092,000. Letko Brosseau & Associates Inc. increased its holdings in shares of HudBay Minerals by 5.7% during the second quarter. Letko Brosseau & Associates Inc. now owns 27,363,164 shares of the mining company’s stock valued at $158,022,000 after purchasing an additional 1,469,514 shares during the period. Barometer Capital Management Inc. acquired a new position in shares of HudBay Minerals during the third quarter valued at $7,010,000. Finally, AGF Investments Inc. grew its holdings in HudBay Minerals by 26.2% during the second quarter. AGF Investments Inc. now owns 2,585,096 shares of the mining company’s stock worth $14,959,000 after acquiring an additional 536,938 shares during the period. Institutional investors own 60.61% of the company’s stock.

HudBay Minerals Company Profile

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.

Analyst Recommendations for HudBay Minerals (NYSE:HBM)

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