TD Securities downgraded shares of HudBay Minerals Inc (NYSE:HBM) to a hold rating in a research report sent to investors on Wednesday, Analyst Ratings.Net reports.

A number of other brokerages have also recently issued reports on HBM. Raymond James reissued an outperform rating and issued a $9.50 price objective (up from $9.00) on shares of HudBay Minerals in a research note on Monday, November 9th. LB Securities reissued a buy rating and issued a $11.00 price objective (down from $12.50) on shares of HudBay Minerals in a research note on Saturday, October 24th. Canaccord Genuity reissued a buy rating and issued a $8.50 price objective on shares of HudBay Minerals in a research note on Monday, October 19th. Barclays reissued an overweight rating and issued a $10.00 price objective (down from $13.00) on shares of HudBay Minerals in a research note on Thursday, November 5th. Finally, Paradigm Capital reissued a buy rating and issued a $10.00 price objective (down from $13.50) on shares of HudBay Minerals in a research note on Thursday, November 12th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $10.29.

Shares of HudBay Minerals (NYSE:HBM) traded down 10.81% during trading on Wednesday, reaching $1.65. 150,911 shares of the company were exchanged. The company’s market capitalization is $388.13 million. HudBay Minerals has a 1-year low of $1.56 and a 1-year high of $10.37. The stock’s 50 day moving average is $3.34 and its 200 day moving average is $4.80.

HudBay Minerals (NYSE:HBM) last announced its earnings results on Thursday, November 5th. The mining company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.16. The business had revenue of $269.80 million for the quarter, compared to analyst estimates of $358.79 million. HudBay Minerals’s revenue was up 58.5% compared to the same quarter last year. Equities analysts anticipate that HudBay Minerals will post $0.01 earnings per share for the current year.

HudBay Minerals Inc. (NYSE:HBM) is a Canada-based mining company. The Company is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal. The Company is focused on the discovery, production and marketing of base and precious metals in North and South America. Through its subsidiaries, the Company owns copper/zinc/gold mines, ore concentrators and a zinc production facility in northern Manitoba and Saskatchewan, and copper projects in Cusco (Peru) and Arizona (United States). The Company’s properties include 777 Mine, Lalor Mine, Reed Mine. The Company also owns 100% interests of Constancia project in Peru and Rosemont project, is a copper project located in Pima County, Arizona.

12 Month Chart for NYSE:HBM

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