HudBay Minerals Inc (NYSE:HBM) has been downgraded to Sell in a report by Zacks Investment Research today.
- Updated: October 17, 2016
Zacks Investment Research has downgraded HudBay Minerals Inc (NYSE:HBM) to Sell in a report released on Monday October 17, 2016.
Previously on 10/05/2016, Zacks Investment Research reported about HudBay Minerals Inc (NYSE:HBM) raised the target price from $0.00 to $4.25. At the time, this indicated a possible upside of 0.11%.
Yesterday HudBay Minerals Inc (NYSE:HBM) traded 1.05% higher at $3.85. The company’s 50-day moving average is $3.89 and its 200-day moving average is $4.31. The last stock close price is down -10.68% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 118,005 shares of the stock were exchanged, down from an average trading volume of 224,857
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HudBay Minerals Inc has a 52 week low of $1.56 and a 52 week high of $5.57 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 6 firms have reported on the stock. The consensus target price is $5.06 with 2 firms rating the stock a strong buy, 1 firm rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About HudBay Minerals Inc (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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