Hudbay Minerals (NYSE:HBM) Stock Rating Upgraded by StockNews.com

Hudbay Minerals (NYSE:HBM) (TSE:HBM) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

A number of other research firms also recently weighed in on HBM. Stifel Canada upgraded Hudbay Minerals to a “strong-buy” rating in a report on Monday, July 22nd. Jefferies Financial Group upgraded Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $11.17.

Hudbay Minerals Trading Down 0.1 %

HBM opened at $8.52 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.86 and a quick ratio of 1.49. Hudbay Minerals has a fifty-two week low of $4.27 and a fifty-two week high of $10.49. The company’s 50 day moving average price is $8.79 and its two-hundred day moving average price is $8.68. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 37.04 and a beta of 1.78.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Swiss National Bank increased its holdings in Hudbay Minerals by 1.4% in the first quarter. Swiss National Bank now owns 695,600 shares of the mining company’s stock worth $4,867,000 after purchasing an additional 9,600 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Hudbay Minerals by 88.8% in the 1st quarter. Russell Investments Group Ltd. now owns 281,015 shares of the mining company’s stock valued at $1,969,000 after acquiring an additional 132,142 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Hudbay Minerals by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 8,694,436 shares of the mining company’s stock valued at $60,861,000 after acquiring an additional 272,635 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in Hudbay Minerals by 734.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 249,702 shares of the mining company’s stock worth $1,748,000 after acquiring an additional 219,792 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Hudbay Minerals by 12.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 458,347 shares of the mining company’s stock worth $3,209,000 after purchasing an additional 50,126 shares during the period. 57.82% of the stock is owned by institutional investors.

About Hudbay Minerals

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.