Shares of HudBay Minerals Inc. (NYSE:HBM) were up 0.8% during trading on Tuesday . The stock traded as high as $5.04 and last traded at $4.92, with a volume of 181,813 shares trading hands. The stock had previously closed at $4.88.

A number of analysts recently issued reports on the stock. Zacks Investment Research raised shares of HudBay Minerals from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 15th. CIBC reissued a “sector perform” rating and set a $5.75 price target on shares of HudBay Minerals in a report on Saturday, April 23rd. Canaccord Genuity reissued a “buy” rating and set a $7.50 price target (up from $5.00) on shares of HudBay Minerals in a report on Tuesday, March 22nd. Royal Bank Of Canada raised shares of HudBay Minerals from a “sector perform” rating to an “outperform” rating and set a $7.50 price target on the stock in a report on Monday, May 16th. Finally, Paradigm Capital reissued a “buy” rating and set a $9.00 price target (up from $7.50) on shares of HudBay Minerals in a report on Thursday, May 5th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $6.98.

The company’s 50 day moving average price is $4.53 and its 200 day moving average price is $3.59. The firm’s market capitalization is $1.13 billion.

HudBay Minerals (NYSE:HBM) last announced its earnings results on Wednesday, May 4th. The mining company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.04. The firm had revenue of $253.60 million for the quarter, compared to analyst estimates of $289.20 million. HudBay Minerals’s revenue for the quarter was up 97.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.08) earnings per share. On average, equities analysts anticipate that HudBay Minerals Inc. will post $0.13 EPS for the current fiscal year.

Several institutional investors have made changes to their positions in the stock. TD Asset Management Inc. boosted its position in shares of HudBay Minerals by 24.8% in the fourth quarter. TD Asset Management Inc. now owns 5,341,659 shares of the mining company’s stock worth $20,419,000 after buying an additional 1,062,476 shares during the last quarter. Heathbridge Capital Management Ltd. boosted its position in shares of HudBay Minerals by 21.0% in the fourth quarter. Heathbridge Capital Management Ltd. now owns 4,712,900 shares of the mining company’s stock valued at $19,337,000 after buying an additional 819,400 shares in the last quarter. Letko Brosseau & Associates Inc. boosted its position in shares of HudBay Minerals by 8.7% in the fourth quarter. Letko Brosseau & Associates Inc. now owns 23,682,044 shares of the mining company’s stock valued at $90,861,000 after buying an additional 1,902,275 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of HudBay Minerals by 35.5% in the fourth quarter. Bank of Montreal Can now owns 431,266 shares of the mining company’s stock valued at $1,647,000 after buying an additional 112,899 shares in the last quarter.

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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