Shares of HudBay Minerals Inc. (NYSE:HBM) traded down 2.7% on Wednesday . The company traded as low as $4.70 and last traded at $4.77, with a volume of 124,744 shares. The stock had previously closed at $4.90.

A number of analysts recently weighed in on the stock. Canaccord Genuity reaffirmed a “buy” rating and issued a $7.50 price objective (up previously from $5.00) on shares of HudBay Minerals in a report on Tuesday, March 22nd. Zacks Investment Research raised shares of HudBay Minerals from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 15th. TD Securities reaffirmed a “hold” rating and issued a $6.50 price objective (up previously from $5.75) on shares of HudBay Minerals in a report on Monday, May 2nd. CIBC reaffirmed a “sector perform” rating and issued a $5.75 price objective on shares of HudBay Minerals in a report on Saturday, April 23rd. Finally, Paradigm Capital reaffirmed a “buy” rating and issued a $9.00 price objective (up previously from $7.50) on shares of HudBay Minerals in a report on Thursday, May 5th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $6.98.

The firm’s market capitalization is $1.14 billion. The firm’s 50-day moving average is $4.55 and its 200-day moving average is $3.60.

HudBay Minerals (NYSE:HBM) last posted its earnings results on Wednesday, May 4th. The mining company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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. The business’s revenue was up 97.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.08) earnings per share. Equities research analysts expect that HudBay Minerals Inc. will post $0.13 earnings per share for the current year.

Other large investors have recently bought and sold shares of the company. TD Asset Management Inc. raised its stake in 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 valued at $20,419,000 after buying an additional 1,062,476 shares during the last quarter. Letko Brosseau & Associates Inc. raised its stake in 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 during the last quarter. Heathbridge Capital Management Ltd. raised its stake in 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 during the last quarter. Finally, Bank of Montreal Can raised its stake in 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 during 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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