HudBay Minerals Inc. (NYSE:HBM)’s share price was up 3.7% on Tuesday . The stock traded as high as $5.01 and last traded at $4.99, with a volume of 157,143 shares changing hands. The stock had previously closed at $4.81.

Several equities analysts have recently weighed in on HBM shares. CIBC restated a “sector perform” rating and set a $5.75 price objective on shares of HudBay Minerals in a research report on Saturday, April 23rd. Royal Bank Of Canada restated a “sector perform” rating and set a $7.50 price objective on shares of HudBay Minerals in a research report on Tuesday, April 26th. Zacks Investment Research lowered shares of HudBay Minerals from a “buy” rating to a “hold” rating in a research report on Tuesday, April 26th. Canaccord Genuity restated a “buy” rating and set a $7.00 price objective (down previously from $7.50) on shares of HudBay Minerals in a research report on Monday, May 2nd. Finally, National Bank Financial restated a “sector perform” rating and set a $5.75 price objective (up previously from $4.00) on shares of HudBay Minerals in a research report on Monday, May 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned 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 stock has a 50 day moving average price of $4.96 and a 200-day moving average price of $3.72. The company’s market capitalization is $1.17 billion.

HudBay Minerals (NYSE:HBM) last released its earnings results on Wednesday, May 4th. The mining company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by $0.04. During the same period in the prior year, the company earned ($0.08) earnings per share. The company earned $253.60 million during the quarter, compared to analyst estimates of $289.20 million. HudBay Minerals’s revenue for the quarter was up 97.0% compared to the same quarter last year. On average, equities research analysts anticipate that HudBay Minerals Inc. will post $0.15 EPS for the current fiscal 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 disclosure with the 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 0.18% of HudBay Minerals worth $1,647,000 as of its most recent SEC filing.

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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