Hudbay Minerals Inc (HBM) Given Consensus Recommendation of "Buy" by Brokerages

Among 8 analysts covering Hudbay Minerals Inc (TSE:HBM), 7 have Buy rating, 0 Sell and 1 Hold. (TSE:HBM) earned "Outperform" rating by RBC Capital Markets on Thursday, November 3. Hudbay Minerals Inc had 62 analyst reports since July 22, 2015 according to SRatingsIntel. Finally, BMO Capital Markets boosted their target price on shares of Hudbay Minerals from $10.50 to $10.75 and gave the company a "market perform" rating in a research note on Monday, October 2nd. Three investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The stock of Hudbay Minerals Inc. ValuEngine downgraded shares of Hudbay Minerals from a "buy" rating to a "hold" rating in a research report on Wednesday, November 15th. Finally, TD Securities cut their price target on shares of Hudbay Minerals from C$13.00 to C$12.50 and set an "action list buy" rating on the stock in a research note on Monday, October 2nd. Hudbay Minerals has a one year low of $4.60 and a one year high of $9.55. The stock has a market cap of $2,442.89, a PE ratio of 133.57 and a beta of 3.17.

Institutional investors have recently modified their holdings of the business. Systematic Financial Management LP now owns 583,635 shares of the mining company's stock worth $3,356,000 after purchasing an additional 78,395 shares in the last quarter.

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The stock decreased 4.26% or $0.4 during the last trading session, reaching $9. 1,001,751 shares of the stock were exchanged, compared to its average volume of 634,737. The Manufacturers Life Insurance Company now owns 2,884,880 shares of the mining company's stock worth $16,655,000 after purchasing an additional 83,094 shares in the last quarter.

In other Hudbay Minerals news, insider Gmt Capital Corp acquired 6,700 shares of the company's stock in a transaction dated Monday, November 20th. Citigroup Inc. now owns 140,322 shares of the mining company's stock valued at $810,000 after acquiring an additional 118,403 shares during the last quarter. Citigroup Inc. boosted its stake in Hudbay Minerals by 540.2% in the second quarter.

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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. More interesting news about Hudbay Minerals Inc. The Company is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal.

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