HudBay Minerals Inc (HBM) Hits New 12-Month High at $9.30
HudBay Minerals Inc (NYSE:HBM) (TSE:HBM)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $9.30 and last traded at $9.30, with a volume of 406,019 shares changing hands. The stock had previously closed at $9.05.
A number of equities analysts have issued reports on the company. J P Morgan Chase & Co raised HudBay Minerals from a “neutral” rating to an “overweight” rating in a research report on Tuesday. ValuEngine lowered HudBay Minerals from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Raymond James Financial, Inc. reaffirmed an “outperform” rating on shares of HudBay Minerals in a research report on Tuesday, August 15th. TheStreet raised HudBay Minerals from a “d+” rating to a “c-” rating in a research report on Monday, August 14th. Finally, Zacks Investment Research raised HudBay Minerals from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $8.06.
The stock’s 50 day moving average is $7.83 and its 200-day moving average is $6.60. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 230.625 and a beta of 3.28.
The company also recently disclosed a Semi-Annual dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a dividend of $0.008 per share. This represents a dividend yield of 0.22%. The ex-dividend date of this dividend is Thursday, September 7th. HudBay Minerals’s payout ratio is presently 50.01%.
Large investors have recently made changes to their positions in the company. Trexquant Investment LP grew its holdings in shares of HudBay Minerals by 78.7% during the 2nd quarter. Trexquant Investment LP now owns 18,768 shares of the mining company’s stock worth $108,000 after purchasing an additional 8,268 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of HudBay Minerals during the 1st quarter worth approximately $118,000. Brave Asset Management Inc. acquired a new stake in shares of HudBay Minerals during the 2nd quarter worth approximately $121,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of HudBay Minerals during the 1st quarter worth approximately $127,000. Finally, Oxford Asset Management acquired a new stake in shares of HudBay Minerals during the 1st quarter worth approximately $159,000. 64.87% of the stock is currently owned by institutional investors.
WARNING: This article was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/09/06/hudbay-minerals-inc-hbm-hits-new-12-month-high-at-9-30.html.
HudBay Minerals Company Profile
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.