HudBay Minerals Inc. (NYSE:HBM) shot up 6.1% on Monday . The company traded as high as $5.18 and last traded at $5.18, with a volume of 209,300 shares. The stock had previously closed at $4.88.

HBM has been the subject of several research analyst reports. TD Securities reiterated a “hold” rating and issued a $6.50 price target (up previously from $5.75) on shares of HudBay Minerals in a report on Monday, May 2nd. Canaccord Genuity reiterated a “buy” rating and issued a $7.00 price target (down previously from $7.50) on shares of HudBay Minerals in a report on Monday, May 2nd. Paradigm Capital restated a “buy” rating and set a $9.00 target price (up previously from $7.50) on shares of HudBay Minerals in a report on Thursday, May 5th. National Bank Financial restated a “sector perform” rating and set a $5.75 target price (up previously from $4.00) on shares of HudBay Minerals in a report on Monday, May 2nd. Finally, Zacks Investment Research cut shares of HudBay Minerals from a “buy” rating to a “hold” rating in a report on Tuesday, April 26th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $6.98.

The company’s market cap is $1.22 billion. The firm’s 50-day moving average is $4.58 and its 200 day moving average is $3.61.

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

A number of hedge funds have bought and sold shares of the stock. Bank of Montreal Can increased 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. Heathbridge Capital Management Ltd. increased 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, Letko Brosseau & Associates Inc. increased 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.

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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