Stock Mover of The Day: What Will Happen to HudBay Minerals Inc Next? The Stock Just Increased A Lot

Stock Mover of The Day: What Will Happen to HudBay Minerals Inc Next? The Stock Just Increased A Lot

The stock of HudBay Minerals Inc (NYSE:HBM) is a huge mover today! The stock increased 7.32% or $0.27 on September 30, hitting $3.96. About 410,534 shares traded hands or 84.21% up from the average. HudBay Minerals Inc (NYSE:HBM) has risen 31.79% since February 26, 2016 and is uptrending. It has outperformed by 21.36% the S&P500.
The move comes after 5 months positive chart setup for the $871.69 million company. It was reported on Sep, 30 by Barchart.com. We have $6.65 PT which if reached, will make NYSE:HBM worth $592.75 million more.

Analysts await HudBay Minerals Inc (NYSE:HBM) to report earnings on November, 3. They expect $0.05 EPS, 0.00% or $0.00 from last year’s $0.05 per share. HBM’s profit will be $11.01 million for 19.80 P/E if the $0.05 EPS becomes a reality. After $0.02 actual EPS reported by HudBay Minerals Inc for the previous quarter, Wall Street now forecasts 150.00% EPS growth.

HudBay Minerals Inc (NYSE:HBM) Ratings Coverage

Out of 4 analysts covering Hudbay Minerals Inc (NYSE:HBM), 3 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 75% are positive. Hudbay Minerals Inc has been the topic of 10 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Canaccord Genuity upgraded the stock to “Hold” rating in Thursday, August 6 report. The stock has “Outperform” rating given by Raymond James on Thursday, September 3. The stock of HudBay Minerals Inc (NYSE:HBM) has “Outperform” rating given on Monday, May 16 by RBC Capital Markets. Barclays Capital downgraded the stock to “Underweight” rating in Thursday, January 14 report. BMO Capital Markets upgraded the shares of HBM in a report on Thursday, September 29 to “Outperform” rating. The company was downgraded on Tuesday, August 2 by BMO Capital Markets.

According to Zacks Investment Research, “HudBay Minerals Inc. is a mining company and engages in discovery, production and marketing of base metals in North and Central America. It owns zinc and copper mines, concentrators and metal production facilities in northern Manitoba and Saskatchewan, zinc oxide production facility in Ontario, copper refinery in Michigan and nickel project in Guatemala. 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.”

More recent HudBay Minerals Inc (NYSE:HBM) news were published by: Business.Financialpost.com which released: “HudBay Minerals Inc upgraded at RBC” on May 16, 2016. Also Moodys.com published the news titled: “Moody’s confirms HudBay’s rating at B3, outlook negative” on March 01, 2016. Fool.com‘s news article titled: “Why SolarCity, HudBay Minerals, and Ambarella Slumped Today” with publication date: January 14, 2016 was also an interesting one.

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