Scotiabank Reiterates "Focus Stock" Rating for Hudbay Minerals Inc (TSE:HBM)

Ruben Hill
November 14, 2017

Fiera invested in 4,863 shares or 0% of the stock. About 221,796 shares traded. Honeywell International Inc. (NYSE:HON) has risen 17.66% since November 13, 2016 and is uptrending. It has underperformed by 13.26% the S&P500.

Analysts await Hudbay Minerals Inc (NYSE:HBM) to report earnings on February, 28. Cibc World Markets Inc sold 96,812 shares as Hudbay Minerals Inc (HBM)'s stock declined 33.74%. The Twin Tree Management Lp holds 232,800 shares with $7.69 million value, down from 242,400 last quarter. Hudbay Minerals Inc now has $2.08 billion valuation. The stock decreased 2.24% or $0.74 on November 10, reaching $32.32.

About 19,476 shares traded.

Traders are a little more bearish on shares of Hudbay Minerals Inc recently if you take note of the motion in short interest. It has outperformed by 22.83% the S&P500.The move comes after 9 months negative chart setup for the $2.09 billion company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. Therefore 40% are positive. TTM Tech had 13 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was upgraded by BMO Capital Markets on Thursday, September 29 to "Outperform". The firm has "Outperform" rating by Bernstein given on Tuesday, November 3. As per Tuesday, November 8, the company rating was upgraded by Credit Suisse. The firm earned "Hold" rating on Tuesday, July 25 by Credit Suisse. Credit Suisse Group raised the price target on September 11 changing the forecast from $11.00 to $12.00 and issued a "Neutral" rating. National Bank Financial cut shares of Hudbay Minerals from an "outperform" rating to a "sector perform" rating and lifted their target price for the company from C$11.25 to C$13.00 in a research note on Wednesday, October 18th. Finally, BMO Capital Markets boosted their target price on shares of Hudbay Minerals from C$10.50 to C$10.75 and gave the company a "market perform" rating in a research report on Monday, October 2nd. The rating was upgraded by RBC Capital Markets to "Outperform" on Monday, May 16. Hudbay Minerals has an average rating of "Buy" and a consensus target price of C$12.09.

Gmt Capital Corp decreased Apollo Global Mgmt Llc (NYSE:APO) stake by 3.74M shares to 531,141 valued at $15.99 million in 2017Q3. It also upped Pepsico Inc (NYSE:PEP) stake by 76,353 shares and now owns 181,361 shares.

Shares of Hudbay Minerals (TSE HBM) opened at C$10.12 on Thursday. Live Nation Entertainment In (NYSE:LYV) was reduced too. (NYSE:HON) on Friday, May 26 with "Buy" rating. Therefore 11% are positive. Stewart Info had 10 analyst reports since August 3, 2015 according to SRatingsIntel. ValuEngine lowered HudBay Minerals from a "buy" rating to a "hold" rating in a research note on Tuesday, July 25th. Mizuho downgraded Ventas, Inc. Mizuho has "Neutral" rating and $63 target. The stock of Stewart Information Services Corp (NYSE:STC) earned "Hold" rating by Keefe Bruyette & Woods on Wednesday, November 8. The rating was maintained by SunTrust with "Hold" on Friday, October 27. On Tuesday, August 2 the stock rating was downgraded by BMO Capital Markets to "Market Perform". On Thursday, August 6 the stock rating was maintained by Needham with "Buy". The rating was downgraded by Goldman Sachs to "Neutral" on Thursday, March 24.

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