HudBay Minerals, Inc. HBM was a big mover last session, as the company saw its shares rise by roughly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down over 25% since Dec 3, 2015.
The company has seen no estimate revisions in the past 7 days and the Zacks Consensus Estimate has also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
HudBay Minerals currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
A better-ranked mining stock is Taseko Mines Ltd. TGB, holding a Zacks Rank #2 (Buy).
Is HBM going up? Or down? Predict to see what others think: Up or Down
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