Research Analysts' Recent Ratings Changes for Hudbay Minerals (HBM)

Solenn Plantier
Août 13, 2017

Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) had its target price upped by National Bank Financial from C$11.00 to C$11.50 in a research report sent to investors on Tuesday morning.

Several other equities research analysts have also recently weighed in on HBM. Additionally Hudbay Minerals Inc. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. Finally, Royal Bank Of Canada cut their price objective on shares of Hudbay Minerals from C$13.00 to C$12.00 and set an "outperform" rating for the company in a research report on Monday, May 8th. They now have a C$11.00 price target on the stock. About 1.16M shares traded. Hudbay Minerals has a 1-year low of $4.74 and a 1-year high of $11.95. The firm's market capitalization is $2.28 billion. It has underperformed by 16.70% the S&P500.The move comes after 5 months negative chart setup for the $51.41B company. If you are reading this story on another website, it was illegally copied and republished in violation of USA and worldwide trademark & copyright legislation. The correct version of this piece can be read at https://transcriptdaily.com/2017/08/12/brokers-set-expectations-for-hudbay-minerals-incs-q2-2017-earnings-tsehbm-updated-updated.html.

The company also recently announced a Semi-Annual dividend, which will be paid on Friday, September 29th. Nagle now expects that the mining company will post earnings per share of $0.15 for the quarter, down from their previous forecast of $0.22. The ex-dividend date is Thursday, September 7th. This represents a dividend yield of 0.22%. Bank of Montreal Can boosted its position in shares of HudBay Minerals by 29.9% in the first quarter. TD Asset Management Inc. boosted its position in shares of HudBay Minerals by 3.7% in the first quarter. In the last 90 days, insiders bought 73,200 shares of company stock valued at $407,374. Vanguard Group Inc. boosted its position in shares of HudBay Minerals by 6.4% in the first quarter. Citigroup Inc. now owns 140,322 shares of the mining company's stock worth $810,000 after buying an additional 118,403 shares during the last quarter. Agf Investments Inc. expanded its ownership by buying 536,938 shares an increase of 26.2% in the quarter. The value of the investment in (HBM) went from $19,424,000 to $214,000 decreasing 98.9% quarter over quarter. The value of the investment in HBM went from $2,304,000 to $122,000 a change of 94.7% quarter to quarter. HudBay Minerals Inc. was founded in 1927 and is based in Toronto, Canada. The Firm 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.

American Century Companies Inc divested its position by selling 731,400 shares a decrease of 65.2% in the quarter.

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