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

Several analysts have weighed in on HBM shares. TD Securities reiterated a “hold” rating and set a $6.50 target price (up previously from $5.75) on shares of HudBay Minerals in a research note on Monday, May 2nd. Canaccord Genuity reiterated a “buy” rating and set a $7.00 target price (down previously from $7.50) on shares of HudBay Minerals in a research note on Monday, May 2nd. Paradigm Capital reiterated a “buy” rating and set a $9.00 target price (up previously from $7.50) on shares of HudBay Minerals in a research note on Thursday, May 5th. National Bank Financial reiterated a “sector perform” rating and set a $5.75 target price (up previously from $4.00) on shares of HudBay Minerals in a research note on Monday, May 2nd. Finally, Zacks Investment Research lowered shares of HudBay Minerals from a “buy” rating to a “hold” rating in a research note on Tuesday, April 26th. Two analysts have rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. HudBay Minerals has a consensus rating of “Hold” and a consensus price target of $6.98.

The company’s market capitalization is $1.29 billion. The stock’s 50-day moving average price is $4.66 and its 200 day moving average price is $3.63.

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

A number of hedge funds and institutional investors have recently modified their holdings of the company. 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 during the period. 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 during the period. Finally, 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 during the period.

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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