Hudbay Minerals (NYSE:HBM) Receives a Downgrade
In a report issued to clients and investors this morning, BidaskScore decreased their rating on shares of Hudbay Minerals (NYSE:HBM) to a “Sell”.
The stock increased 12.66% or $0.4 during the last trading session, reaching $3.56. About 2.21 million shares traded or 223.20% up from the average. Hudbay Minerals Inc. (NYSE:HBM) has declined 4.90% since December 5, 2018 and is downtrending. It has underperformed by 4.90% the S&P500.
Analysts await Hudbay Minerals Inc. (NYSE:HBM) to report earnings on February, 18. They expect $-0.04 EPS, down 180.00 % or $0.09 from last year’s $0.05 per share. After $-0.08 actual EPS reported by Hudbay Minerals Inc. for the previous quarter, Wall Street now forecasts -50.00 % EPS growth.
Hudbay Minerals Inc., an integrated mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. The company has market cap of $933.41 million. It produces copper concentrates containing copper, gold, and silver; and zinc metal. It currently has negative earnings. The firm owns four polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and a copper project in Arizona, the United States.
More notable recent Hudbay Minerals Inc. (NYSE:HBM) news were published by: Seekingalpha.com which released: “Hudbay prepares sale of Arizona copper mine stake – Bloomberg – Seeking Alpha” on May 21, 2019, also Nasdaq.com with their article: “BUZZ-U.S. STOCKS ON THE MOVE-Alphabet, Instructure, Chesapeake, GIII – Nasdaq” published on December 04, 2019, Globenewswire.com published: “Hudbay Reaches Agreement To Purchase Rosemont’s Minority Joint Venture Interest – GlobeNewswire” on March 13, 2019. More interesting news about Hudbay Minerals Inc. (NYSE:HBM) were released by: Seekingalpha.com and their article: “Hudbay chooses former Centerra CEO Lang as new Chair – Seeking Alpha” published on October 04, 2019 as well as Finance.Yahoo.com‘s news article titled: “Hudbay to Host Conference Call for Third Quarter 2019 Results – Yahoo Finance” with publication date: October 15, 2019.
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