HudBay Minerals Inc. (NYSE:HBM) shares traded down 5.9% during trading on Friday . The stock traded as low as $4.70 and last traded at $4.75, with a volume of 199,864 shares traded. The stock had previously closed at $5.05.

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

The firm’s 50 day moving average price is $4.91 and its 200 day moving average price is $3.70. The company’s market cap is $1.13 billion.

HudBay Minerals (NYSE:HBM) last released its earnings results on Wednesday, May 4th. The mining company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.04. The business had revenue of $253.60 million for the quarter, compared to analysts’ expectations of $289.20 million. The firm’s revenue was up 97.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.08) EPS. Equities research analysts expect that HudBay Minerals Inc. will post $0.13 EPS for the current fiscal year.

A hedge fund recently raised its stake in HudBay Minerals stock. Bank of Montreal Can increased its position in shares of HudBay Minerals Inc. (NYSE:HBM) by 35.5% during the fourth quarter, according to its most recent 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 about 0.18% of HudBay Minerals worth $1,647,000 at the end of the most recent reporting 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.