HudBay Minerals, Inc. (HBM) saw a big move last session, as the company’s shares fell by over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for NVTL, as the stock is now up 10.8% since Feb 3.
This slump shouldn’t be too much of a surprise to investors, as this stock in the Mining industry has seen two negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
HBM currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the same space include Stillwater Mining Co. (SWC), Augusta Resource Corp. (AZC) and Denison Mines Corp. (DNN). While Stillwater Mining sports a Zacks Rank #1 (Strong Buy), both Augusta Resources and Denison Mines carry a Zacks Rank #2 (Buy).
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