Hudbay Minerals Inc (NYSE:HBM) (TSE:HBM) has received a consensus recommendation of “Hold” from the nine research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $11.38.

A number of brokerages have weighed in on HBM. Credit Suisse Group boosted their target price on shares of Hudbay Minerals from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, September 11th. J P Morgan Chase & Co raised shares of Hudbay Minerals from a “neutral” rating to an “overweight” rating in a research note on Tuesday, September 5th. Zacks Investment Research raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating and set a $8.75 target price for the company in a research note on Monday, October 23rd. ValuEngine raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Finally, BMO Capital Markets boosted their target price on shares of Hudbay Minerals from $10.50 to $10.75 and gave the stock a “market perform” rating in a research note on Monday, October 2nd.

Several hedge funds and other institutional investors have recently made changes to their positions in HBM. Systematic Financial Management LP grew its position in shares of Hudbay Minerals by 15.5% during the 2nd quarter. Systematic Financial Management LP now owns 583,635 shares of the mining company’s stock worth $3,356,000 after buying an additional 78,395 shares during the period. Vanguard Group Inc. grew its position in shares of Hudbay Minerals by 4.9% during the 2nd quarter. Vanguard Group Inc. now owns 4,793,951 shares of the mining company’s stock worth $27,565,000 after buying an additional 224,085 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Hudbay Minerals by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,884,880 shares of the mining company’s stock worth $16,655,000 after buying an additional 83,094 shares during the period. AGF Investments Inc. grew its position in shares of Hudbay Minerals by 26.2% during the 2nd quarter. AGF Investments Inc. now owns 2,585,096 shares of the mining company’s stock worth $14,959,000 after buying an additional 536,938 shares during the period. Finally, AXA grew its position in shares of Hudbay Minerals by 109.2% during the 2nd quarter. AXA now owns 571,200 shares of the mining company’s stock worth $3,284,000 after buying an additional 298,200 shares during the period. 64.04% of the stock is owned by institutional investors.

Shares of Hudbay Minerals (HBM) traded up $0.10 during midday trading on Monday, hitting $7.70. 526,242 shares of the company’s stock were exchanged, compared to its average volume of 569,012. Hudbay Minerals has a one year low of $4.60 and a one year high of $9.35. The company has a market capitalization of $1,985.66, a P/E ratio of 20.00 and a beta of 3.17. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.33 and a current ratio of 1.74.

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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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