18 July, 2017
According to Zacks, "HudBay Minerals Inc.is a mining company and engages in discovery, production and marketing of base metals in North and Central America". The company owns four polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and a copper project in Arizona, United States. In addition to its primary products, zinc and copper, HudBay also produces gold, silver and zinc oxide. HudBay Minerals Inc.is headquartered in Toronto, Canada. The value of the investment in HBM increased from $8,000 to $123,000 increasing 1,437.5% for the reporting period. ValuEngine downgraded shares of HudBay Minerals from a buy rating to a hold rating in a report on Tuesday, June 6th. Finally, TheStreet lowered shares of HudBay Minerals from a c- rating to a d+ rating in a report on Thursday, March 9th. Credit Suisse Group reissued a neutral rating on shares of HudBay Minerals in a research note on Tuesday, April 18th. Wall Street is only getting more bullish on the stock, with 12 of analysts who cover HBM having a buy-equivalent rating. HudBay Minerals presently has a consensus rating of Hold and an average target price of $8.06. The value of the total investment in Hudbay Minerals Inc. One of the more popular combinations is to use the 50-day and 200-day moving averages. The value of the company's investment in Hudbay Minerals Inc. The Market Capitalization of the company stands at 1.64 Billion.
ILLEGAL ACTIVITY NOTICE: This piece was published by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another website, it was copied illegally and republished in violation of US & global copyright & trademark law. The original version of this report can be read at https://www.thestockobserver.com/2017/07/17/hudbay-minerals-hbm-earning-somewhat-negative-media-coverage-analysis-shows-updated-updated.html. Synergy Pharmaceuticals Inc. has 3 buy ratings, 0 holds and 1 sells even after the stock tumbled -39.16% from its high of $7.15 to a $989.45 million market value through last close.
Shares of Hudbay Minerals Inc (HBM.TO) now have a 14-day ADX of 25.22. Renaissance Technologies LLC now owns 734,563 shares of the mining company's stock worth $4,192,000 after buying an additional 186,681 shares during the last quarter.
Hudbay Minerals Inc. has a consensus outperform rating from 17 Wall Street analysts, and the number of shares now sold short amount to at least 1.66% of shares outstanding. Swiss National Bank now owns 394,100 shares of the mining company's stock worth $2,590,000 after buying an additional 5,800 shares during the last quarter. As of the end of the quarter Morgan Stanley had bought 17,365 shares growing its holdings by 1,197.6%. Finally, Renaissance Technologies LLC raised its position in HudBay Minerals by 34.1% in the fourth quarter. A total of 0.89 million shares exchanged at hands and its average trading volume is standing at 0.67 million shares.
As of the end of the quarter Mackenzie Financial Corp had acquired 478,739 shares growing its position 1,615.7%. Great West Life Assurance Co. LLC now owns 425,060 shares of the mining company's stock worth $2,786,000 after buying an additional 30,438 shares during the last quarter. With many stocks frequently hitting new milestone highs, investors may be scrambling to make sure that they aren't missing out on possible returns.
Hudbay Minerals Inc., an integrated mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America.
