HudBay Minerals Inc. (NYSE:HBM)’s share price dropped 2.9% during trading on Wednesday . The stock traded as low as $4.63 and last traded at $4.70, with a volume of 209,586 shares trading hands. The stock had previously closed at $4.84.

HBM has been the topic of several recent analyst reports. CIBC reissued a “sector perform” rating and issued a $5.75 target price on shares of HudBay Minerals in a report on Saturday, April 23rd. Royal Bank Of Canada reissued a “sector perform” rating and issued a $7.50 target price on shares of HudBay Minerals in a report on Tuesday, April 26th. Zacks Investment Research lowered HudBay Minerals from a “buy” rating to a “hold” rating in a report on Tuesday, April 26th. Canaccord Genuity reissued a “buy” rating and issued a $7.00 target price (down previously from $7.50) on shares of HudBay Minerals in a report on Monday, May 2nd. Finally, National Bank Financial reissued a “sector perform” rating and issued a $5.75 target price (up previously from $4.00) on shares of HudBay Minerals in a report on Monday, May 2nd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $7.06.

The firm has a 50 day moving average of $4.98 and a 200 day moving average of $3.82. The firm’s market capitalization is $1.10 billion.

HudBay Minerals (NYSE:HBM) last posted its earnings results on Wednesday, July 27th. The mining company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.07. The company had revenue of $247 million for the quarter, compared to analyst estimates of $249.18 million. The company’s quarterly revenue was up 63.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.24) EPS. Analysts expect that HudBay Minerals Inc. will post $0.09 EPS for the current fiscal year.

The firm also recently announced a semiannual dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 9th will be issued a dividend of $0.0076 per share. This is a boost from HudBay Minerals’s previous semiannual dividend of $0.01. The ex-dividend date is Wednesday, September 7th. This represents a dividend yield of 0.3%.

A hedge fund recently raised its stake in HudBay Minerals stock. Bank of Montreal Can boosted its position in 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 institutional investor 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 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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