Shares of Hudbay Minerals Inc. (Canada) (NYSE:HBM) traded today at $8.29, eclipsing its 52-week high. So far today approximately 1.8 million shares have been exchanged, as compared to an average 30-day volume of 1.1 million shares.
Hudbay Minerals Inc is a Canadian mining company with its operations, property developments, and exploration activities across the United States. The major mines that Hudbay operates are located in Manitoba, Canada, Arizona, United States; and Peru. The company is principally focused on the discovery, production, and marketing of base and precious metals. Hudbay produces copper concentrate, which contains copper, gold, and silver, as well as zinc metal. More than half the company’s revenue is attributable to the copper business. The company sells copper concentrates to smelters across Asia, America, and Europe, and sells Zinc metal, the next biggest source of revenue, to industrial customers across North America.
Hudbay Minerals Inc. (Canada) (NYSE:HBM) has potential upside of 89.5% based on a current price of $8.01 and analysts’ consensus price target of $15.18.
Hudbay Minerals Inc. (Canada) share prices have moved between a 52-week high of $8.29 and a 52-week low of $1.23 and are now trading 551% above that low price at $8.01 per share.
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