Shares of HudBay Minerals Inc. (NYSE:HBM) were down 2.9% 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.

Several analysts recently weighed in on HBM shares. CIBC reaffirmed 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 reaffirmed 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 cut shares of HudBay Minerals from a “buy” rating to a “hold” rating in a report on Tuesday, April 26th. Canaccord Genuity reaffirmed 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 reaffirmed 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 equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. HudBay Minerals currently has a consensus rating of “Hold” and an average price target of $7.13.

The stock has a 50-day moving average price of $4.96 and a 200 day moving average price of $3.84. The firm’s market cap is $1.06 billion.

HudBay Minerals (NYSE:HBM) last posted its quarterly earnings results on Wednesday, July 27th. The mining company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.07. During the same quarter in the prior year, the company posted ($0.24) earnings per share. The company earned $247 million during 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. Equities research analysts predict that HudBay Minerals Inc. will post $0.06 EPS for the current year.

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

A hedge fund recently raised its stake in HudBay Minerals stock. Bank of Montreal Can increased its position in HudBay Minerals Inc. (NYSE:HBM) by 35.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 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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