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

Several brokerages have recently weighed in on HBM. 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. CIBC reiterated a “sector perform” rating and set a $5.75 target price on shares of HudBay Minerals in a research note on Saturday, April 23rd. 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. Royal Bank Of Canada reiterated a “sector perform” rating and set a $7.50 target price on shares of HudBay Minerals in a research note on Tuesday, April 26th. Finally, 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. Two research analysts have rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. HudBay Minerals has a consensus rating of “Hold” and an average target price of $6.98.

The company’s market capitalization is $1.13 billion. The stock’s 50 day moving average price is $4.94 and its 200-day moving average price is $3.71.

HudBay Minerals (NYSE:HBM) last issued its earnings results 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 firm had revenue of $253.60 million for the quarter, compared to analyst estimates of $289.20 million. During the same quarter in the previous year, the business posted ($0.08) EPS. The business’s quarterly revenue was up 97.0% on a year-over-year basis. Analysts anticipate that HudBay Minerals Inc. will post $0.14 earnings per share for the current year.

An institutional investor recently raised its position 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 filing with the Securities and Exchange Commission (SEC). The fund 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 approximately 0.18% of HudBay Minerals worth $1,647,000 as of its most recent filing with the SEC.

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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