HudBay Minerals, Inc. (HBM) was a big mover last session, as the company saw its shares rise over 6% on the day. The upside was owing to the company’s announcement of participation in two investor conferences. The first presentation will be on Jan 22 at the CIBC 2015 Whistler Institutional Investor Conference, held in Whistler, British Columbia and the second on Jan 28 at the 2015 TD Securities Mining Conference, to be held in Toronto, Ontario. This led to far more shares changing hands than in a normal session. The move continues the recent uptrend for the company, as the stock has gained over 19% in the past five trading sessions.
This integrated mining company has seen three negative estimate revisions in the last 30 days. The Zacks Consensus Estimate has also moved lower over the same time frame. This implies trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can last.
HudBay Minerals currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors looking to invest in the mining sector may consider Denison Mines Corp. (DNN) that carries a Zacks Rank #2 (Buy).
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