Media stories about HudBay Minerals (NYSE:HBM) (TSE:HBM) have been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. HudBay Minerals earned a news impact score of 0.02 on Accern’s scale. Accern also gave press coverage about the mining company an impact score of 10 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Ed Sheeran: Playing in Glastonbury festival is daunting (joshnaijablog.com)
- Hudbay Minerals Insiders Bullish (baystreet.ca)
- Critical Contrast: Vedanta Limited (VEDL) and HudBay Minerals (HBM) (americanbankingnews.com)
- Hudbay Minerals Inc (NYSE:HBM) has analysts on the Bullish side this week. – Weekly Register (weeklyregister.com)
- BidaskClub Downgrades HudBay Minerals Inc (HBM) to Strong Sell (americanbankingnews.com)
Shares of HudBay Minerals (NYSE HBM) traded up 1.96% during midday trading on Friday, hitting $5.20. 505,537 shares of the stock traded hands. HudBay Minerals has a 52 week low of $3.57 and a 52 week high of $9.15. The company’s market capitalization is $1.23 billion. The firm’s 50-day moving average is $5.33 and its 200 day moving average is $6.58.
A number of equities analysts have weighed in on HBM shares. TheStreet downgraded shares of HudBay Minerals from a “c-” rating to a “d+” rating in a research note on Thursday, March 9th. Zacks Investment Research downgraded shares of HudBay Minerals from a “buy” rating to a “hold” rating in a research note on Wednesday, April 5th. Credit Suisse Group reaffirmed a “neutral” rating on shares of HudBay Minerals in a research note on Tuesday, April 18th. ValuEngine raised shares of HudBay Minerals from a “hold” rating to a “buy” rating in a research note on Thursday, May 11th. Finally, BidaskClub raised shares of HudBay Minerals from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. HudBay Minerals has a consensus rating of “Hold” and a consensus target price of $8.06.
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HudBay Minerals Company Profile
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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