Somewhat Positive Media Coverage Somewhat Unlikely to Impact HudBay Minerals (HBM) Share Price
Press coverage about HudBay Minerals (NYSE:HBM) (TSE:HBM) has trended somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. HudBay Minerals earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned headlines about the mining company an impact score of 45.4753811018147 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of research firms have recently weighed in on HBM. BMO Capital Markets increased their price objective on shares of HudBay Minerals from $10.50 to $10.75 and gave the stock a “market perform” rating in a research note on Monday, October 2nd. Zacks Investment Research upgraded shares of HudBay Minerals from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. TheStreet upgraded shares of HudBay Minerals from a “d+” rating to a “c-” rating in a research report on Monday, August 14th. ValuEngine lowered shares of HudBay Minerals from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Raymond James Financial, Inc. restated an “outperform” rating on shares of HudBay Minerals in a research report on Tuesday, August 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. HudBay Minerals has an average rating of “Hold” and a consensus price target of $8.91.
HudBay Minerals (NYSE HBM) traded down 1.24% during trading on Friday, hitting $7.95. 746,294 shares of the stock traded hands. The stock has a market cap of $1.89 billion, a P/E ratio of 198.75 and a beta of 3.21. HudBay Minerals has a 52-week low of $3.75 and a 52-week high of $9.35. The company’s 50 day moving average price is $7.98 and its 200-day moving average price is $6.68.
The business also recently announced a Semi-Annual dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were issued a $0.008 dividend. The ex-dividend date was Thursday, September 7th. This represents a yield of 0.22%. HudBay Minerals’s dividend payout ratio (DPR) is currently 50.01%.
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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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