BMO Capital Markets upgraded HudBay Minerals (NYSE:HBM) from Market Perform to Outperform in a report released today.
- Updated: October 1, 2016
BMO Capital Markets has upgraded HudBay Minerals (NYSE:HBM) from Market Perform to Outperform in a statement released on 9/29/2016.
Boasting a price of $3.68, HudBay Minerals (NYSE:HBM) traded 7.32% higher on the day. With the last stock price close down -8.03% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. HudBay Minerals has recorded a 50-day average of $4.13 and a two hundred day average of $4.31. Volume of trade was up over the average, with 443,154 shares of HBM changing hands over the typical 239,761
With a total market value of $0, HudBay Minerals has with a one year low of $1.56 and a one year high of $6.02 .
A total of 6 equity analysts have released a ratings update on HBM. Two equity analysts rating the company a strong buy, one equity analyst rating the company a buy, four equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $5.06.
Brief Synopsis About HudBay Minerals (NYSE:HBM)
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. Through its subsidiaries, the Company owns approximately four polymetallic mines, four ore concentrators and a zinc production facility in northern Manitoba and Saskatchewan (Canada) and Cusco (Peru), and a copper project in Arizona (the United States). The Company owns Constancia mine, an open pit copper mine in Peru. It owns 777 mine, an underground copper, zinc, gold and silver mine in Flin Flon, Manitoba. It owns Lalor mine, an underground zinc, copper and gold mine near Snow Lake, Manitoba. It also owns Rosemont project, a copper development project in Pima County, Arizona, in the United States.
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