Hudbay Minerals (NYSE:HBM) Given Coverage Optimism Rating of 0.09

Headlines about Hudbay Minerals (NYSE:HBM) (TSE:HBM) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hudbay Minerals earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave media headlines about the mining company an impact score of 47.0841471957423 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Hudbay Minerals (NYSE:HBM) traded up $0.40 during midday trading on Tuesday, reaching $9.20. 675,407 shares of the company’s stock were exchanged, compared to its average volume of 671,550. 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 company has a market cap of $2,300.00, a P/E ratio of 153.33 and a beta of 3.17. Hudbay Minerals has a 52-week low of $4.60 and a 52-week high of $9.35.

Several analysts recently commented on the stock. JPMorgan Chase & Co. raised shares of Hudbay Minerals from a “neutral” rating to an “overweight” rating in a report on Tuesday, September 5th. BMO Capital Markets boosted their price objective on shares of Hudbay Minerals from $10.50 to $10.75 and gave the company a “market perform” rating in a report on Monday, October 2nd. Credit Suisse Group boosted their price objective on shares of Hudbay Minerals from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, September 11th. ValuEngine raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Finally, Zacks Investment Research raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating and set a $8.75 price objective for the company in a report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $10.50.

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About Hudbay Minerals

Hudbay Minerals Inc 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. The Company has assets in North and South America.

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