Notable Runner: What’s Propelling HudBay Minerals Inc to Increase So Much?

Notable Runner: What's Propelling HudBay Minerals Inc to Increase So Much?

The stock of HudBay Minerals Inc (NYSE:HBM) is a huge mover today! About 212,310 shares traded hands. HudBay Minerals Inc (NYSE:HBM) has risen 49.01% since April 28, 2016 and is uptrending. It has outperformed by 43.08% the S&P500.
The move comes after 8 months positive chart setup for the $1.59B company. It was reported on Dec, 1 by Barchart.com. We have $7.23 PT which if reached, will make NYSE:HBM worth $63.60 million more.

Analysts await HudBay Minerals Inc (NYSE:HBM) to report earnings on February, 22. They expect $0.01 earnings per share, down 80.00% or $0.04 from last year’s $0.05 per share. HBM’s profit will be $2.29M for 173.75 P/E if the $0.01 EPS becomes a reality. After $0.08 actual earnings per share reported by HudBay Minerals Inc for the previous quarter, Wall Street now forecasts -87.50% negative 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. The company was downgraded on Thursday, January 14 by Barclays Capital. As per Thursday, August 6, the company rating was upgraded by Canaccord Genuity. BMO Capital Markets downgraded the stock to “Market Perform” rating in Tuesday, August 2 report. The company was maintained on Thursday, September 3 by Raymond James. The stock of HudBay Minerals Inc (NYSE:HBM) has “Outperform” rating given on Monday, May 16 by RBC Capital Markets. The firm earned “Outperform” rating on Thursday, September 29 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 news for HudBay Minerals Inc (NYSE:HBM) were recently published by: Juniorminingnetwork.com, which released: “Hudbay Minerals Announces Offering of US$1.0 Billion Aggregate Principal …” on November 28, 2016. Business.Financialpost.com‘s article titled: “HudBay Minerals Inc upgraded at RBC” and published on May 16, 2016 is yet another important article.

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