Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.67 average brokerage recommendation.
Hudbay Minerals (NYSE:HBM) (TSE:HBM) was downgraded by Zacks Investment Research from a "hold" rating to a "sell" rating in a research note issued to investors on Wednesday, January 3rd. ValuEngine raised Hudbay Minerals from a "hold" rating to a "buy" rating in a research note on Thursday, November 9th. The company had a trading volume of 1,060,000 shares, compared to its average volume of 702,169.
Shares of Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) hit a new 52-week high on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.74 and a debt-to-equity ratio of 0.51. The institutional investor held 60,665 shares of the business services company at the end of 2017Q3, valued at $10.48 million, up from 49,549 at the end of the previous reported quarter. CIBC reissued an "outperform" rating and set a C$13.00 price objective on shares of Hudbay Minerals in a report on Tuesday, October 10th. Hudbay Minerals has a 1 year low of $4.60 and a 1 year high of $9.95. The company now has an average rating of "Hold" and a consensus price target of $10.50.
Institutional investors now hold around $1.51 billion or 72.28% in HBM stock. Guardian Capital Advisors LP increased its holdings in shares of Hudbay Minerals by 73.6% in the second quarter. Accern also assigned headlines about the mining company an impact score of 47.5444710193434 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near future. Quantbot Technologies LP increased its holdings in shares of Hudbay Minerals by 37.3% in the second quarter. Fiera Capital Corp bought 132,481 shares as the company's stock declined 33.74% while stock markets rallied. Finally, Numeric Investors LLC increased its holdings in Hudbay Minerals by 96.0% in the 2nd quarter. AXA increased its stake in HudBay Minerals by 8.7% in the second quarter. Cubist Systematic Strategies LLC now owns 46,906 shares of the mining company's stock valued at $348,000 after buying an additional 28,726 shares during the period. Guardian Capital Advisors LP now owns 40,583 shares of the mining company's stock valued at $336,000 after buying an additional 17,200 shares during the period. Vanguard Group Inc. now owns 4,322,023 shares of the mining company's stock valued at $20,659,000 after buying an additional 718,315 shares during the period. Institutional investors and hedge funds own 64.03% of the company's stock.
COPYRIGHT VIOLATION NOTICE: This piece was originally published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this report on another domain, it was illegally copied and republished in violation of US and worldwide copyright & trademark legislation. The correct version of this report can be read at https://weekherald.com/2018/01/12/cormark-weighs-in-on-hudbay-minerals-incs-q1-2018-earnings-hbm.html. Hudbay Minerals Inc now has $2.51 billion valuation. The Company is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal. The Company has assets in North and South America.