HudBay Minerals Inc (HBM) Hits New 52-Week High at $9.30
HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $9.30 and last traded at $9.30, with a volume of 406,019 shares trading hands. The stock had previously closed at $9.05.
Several brokerages recently issued reports on HBM. ValuEngine raised HudBay Minerals from a “hold” rating to a “buy” rating in a research note on Thursday, May 11th. TheStreet raised HudBay Minerals from a “d+” rating to a “c-” rating in a research note on Monday, August 14th. Zacks Investment Research raised HudBay Minerals from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Raymond James Financial, Inc. reissued an “outperform” rating on shares of HudBay Minerals in a research note on Tuesday, August 15th. Finally, J P Morgan Chase & Co raised HudBay Minerals from a “neutral” rating to an “overweight” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. HudBay Minerals has an average rating of “Hold” and a consensus price target of $8.06.
The stock’s 50 day moving average is $7.95 and its 200 day moving average is $6.63. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 222.50 and a beta of 3.28.
The company also recently announced a Semi-Annual dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be given a $0.008 dividend. This represents a yield of 0.22%. The ex-dividend date of this dividend is Thursday, September 7th. HudBay Minerals’s payout ratio is 50.01%.
Large investors have recently bought and sold shares of the business. Swiss National Bank grew its stake in shares of HudBay Minerals by 1.5% in the first quarter. Swiss National Bank now owns 394,100 shares of the mining company’s stock worth $2,590,000 after acquiring an additional 5,800 shares in the last quarter. Global X Management Co. LLC grew its stake in shares of HudBay Minerals by 7.7% in the first quarter. Global X Management Co. LLC now owns 425,060 shares of the mining company’s stock worth $2,786,000 after acquiring an additional 30,438 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of HudBay Minerals by 68.7% in the first quarter. AQR Capital Management LLC now owns 419,418 shares of the mining company’s stock worth $2,749,000 after acquiring an additional 170,774 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of HudBay Minerals by 10.5% in the first quarter. Wellington Management Group LLP now owns 698,488 shares of the mining company’s stock worth $4,578,000 after acquiring an additional 66,182 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of HudBay Minerals in the first quarter worth $118,000. Institutional investors and hedge funds own 64.87% of the company’s stock.
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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.
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