Shares of HudBay Minerals Inc. (NYSE:HBM) fell 2.2% on Friday . The company traded as low as $5.40 and last traded at $5.40, with a volume of 84,466 shares traded. The stock had previously closed at $5.52.

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

The firm has a 50-day moving average of $4.75 and a 200 day moving average of $3.65. The firm’s market cap is $1.28 billion.

HudBay Minerals (NYSE:HBM) last released 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 company earned $253.60 million during the quarter, compared to analysts’ expectations of $289.20 million. HudBay Minerals’s quarterly revenue was up 97.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.08) EPS. On average, equities analysts expect that HudBay Minerals Inc. will post $0.13 earnings per share for the current fiscal year.

Other hedge funds have recently added to or reduced their stakes in the company. 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. 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. Finally, 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.

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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