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

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

The stock’s 50-day moving average is $4.80 and its 200-day moving average is $3.66. The company’s market cap is $1.28 billion.

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

A hedge fund recently raised its stake in HudBay Minerals stock. Bank of Montreal Can boosted its position in shares of HudBay Minerals Inc. (NYSE:HBM) by 35.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 431,266 shares of the mining company’s stock after buying an additional 112,899 shares during the period. Bank of Montreal Can owned 0.18% of HudBay Minerals worth $1,647,000 at the end of the most recent 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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