Shares of HudBay Minerals Inc. (NYSE:HBM) were down 1.8% during mid-day trading on Thursday . The stock traded as low as $4.82 and last traded at $4.86, with a volume of 120,975 shares traded. The stock had previously closed at $4.95.

Several analysts recently issued reports on HBM shares. CIBC reiterated a “sector perform” rating and set a $5.75 target price on shares of HudBay Minerals in a report on Saturday, April 23rd. Zacks Investment Research lowered HudBay Minerals from a “hold” rating to a “strong sell” rating in a report on Thursday, July 28th. Royal Bank Of Canada upgraded HudBay Minerals from a “sector perform” rating to an “outperform” rating and set a $7.50 target price on the stock in a report on Monday, May 16th. Scotiabank reissued an “outperform” rating and set a $8.00 price target on shares of HudBay Minerals in a research report on Thursday, July 28th. Finally, Credit Suisse Group AG downgraded HudBay Minerals from an “outperform” rating to a “neutral” rating in a research report on Thursday, July 28th. Two analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. HudBay Minerals presently has an average rating of “Hold” and a consensus target price of $7.13.

The company’s market cap is $1.10 billion. The stock has a 50 day moving average price of $4.92 and a 200 day moving average price of $3.93.

HudBay Minerals (NYSE:HBM) last announced its quarterly 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. During the same quarter last year, the firm posted ($0.24) earnings per share. The business’s quarterly revenue was up 63.7% compared to the same quarter last year. On average, analysts forecast that HudBay Minerals Inc. will post $0.08 EPS for the current fiscal year.

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

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

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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