Hudbay Minerals Inc. (HBM) Reaches $7.50 After 6.00% Up Move; 2 Bullish Analysts Covering China Petroleum & Chemical (SNP)

May 22, 2018 - By Michael Collier

Hudbay Minerals Inc. (NYSE:HBM) Logo

The stock of Hudbay Minerals Inc. (NYSE:HBM) is a huge mover today! The stock increased 3.45% or $0.25 during the last trading session, reaching $7.5. About 325,696 shares traded. Hudbay Minerals Inc. (NYSE:HBM) has risen 6.02% since May 22, 2017 and is uptrending. It has underperformed by 5.53% the S&P500.The move comes after 5 months positive chart setup for the $1.96 billion company. It was reported on May, 22 by Barchart.com. We have $7.95 PT which if reached, will make NYSE:HBM worth $117.48 million more.

Among 6 analysts covering China Petroleum & Chemical Corp (NYSE:SNP), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. China Petroleum & Chemical Corp had 8 analyst reports since August 26, 2015 according to SRatingsIntel. The stock of China Petroleum & Chemical Corporation (NYSE:SNP) earned “Hold” rating by Jefferies on Friday, September 11. On Wednesday, March 2 the stock rating was upgraded by Mizuho to “Buy”. The stock of China Petroleum & Chemical Corporation (NYSE:SNP) earned “Hold” rating by HSBC on Wednesday, August 26. Credit Suisse downgraded the stock to “Neutral” rating in Tuesday, March 29 report. The rating was upgraded by Citigroup to “Sell” on Friday, August 28. The company was upgraded on Wednesday, September 30 by Jefferies. Macquarie Research downgraded the shares of SNP in report on Thursday, November 12 to “Neutral” rating. Nomura initiated the shares of SNP in report on Wednesday, December 6 with “Neutral” rating. See China Petroleum & Chemical Corporation (NYSE:SNP) latest ratings:

06/12/2017 Broker: Nomura Rating: Neutral Initiate

Another recent and important China Petroleum & Chemical Corporation (NYSE:SNP) news was published by Prnewswire.com which published an article titled: “China Petroleum & Chemical Corporation Files 2017 Annual Report on Form 20-F” on April 27, 2018.

China Petroleum & Chemical Corporation, an energy and chemical company, engages in the gas and oil, and chemical activities and businesses in the PeopleÂ’s Republic of China and internationally. The company has market cap of $118.81 billion. It operates through Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others divisions. It has a 14.37 P/E ratio. The firm explores for and develops oil fields, and produces and sells natural gas and crude oil; processes and purifies crude oil into refined petroleum products; and makes and sells petroleum products.

The stock increased 0.81% or $0.84 during the last trading session, reaching $104.88. About 49,941 shares traded. China Petroleum & Chemical Corporation (NYSE:SNP) has risen 6.54% since May 22, 2017 and is uptrending. It has underperformed by 5.01% the S&P500.

Hudbay Minerals Inc., an integrated mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. The company has market cap of $1.96 billion. It produces copper concentrates containing copper, gold, and silver; and zinc metal. It has a 11.14 P/E ratio. The firm owns four polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and a copper project in Arizona, United States.

More news for Hudbay Minerals Inc. (NYSE:HBM) were recently published by: Seekingalpha.com, which released: “Hudbay Minerals’ (HBM) CEO Alan Hair on Q1 2018 Results – Earnings Call Transcript” on May 06, 2018. Streetinsider.com‘s article titled: “Hudbay Minerals (HBM) Misses Q1 EPS by 2c” and published on May 02, 2018 is yet another important article.

Analysts await Hudbay Minerals Inc. (NYSE:HBM) to report earnings on August, 2. They expect $0.16 EPS, up 77.78% or $0.07 from last year’s $0.09 per share. HBM’s profit will be $41.77M for 11.72 P/E if the $0.16 EPS becomes a reality. After $0.17 actual EPS reported by Hudbay Minerals Inc. for the previous quarter, Wall Street now forecasts -5.88% negative EPS growth.

Among 6 analysts covering Hudbay Minerals Inc (NYSE:HBM), 3 have Buy rating, 1 Sell and 2 Hold. Therefore 50% are positive. Hudbay Minerals Inc had 15 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Market Perform” rating given on Monday, October 2 by BMO Capital Markets. The stock has “Neutral” rating by Credit Suisse on Wednesday, April 19. The company was maintained on Thursday, September 3 by Raymond James. The rating was downgraded by BMO Capital Markets to “Market Perform” on Tuesday, August 2. Canaccord Genuity upgraded the stock to “Hold” rating in Thursday, August 6 report. The stock of Hudbay Minerals Inc. (NYSE:HBM) earned “Outperform” rating by BMO Capital Markets on Thursday, September 29. The rating was upgraded by Macquarie Research to “Buy” on Tuesday, March 27. RBC Capital Markets upgraded Hudbay Minerals Inc. (NYSE:HBM) on Monday, May 16 to “Outperform” rating. The stock of Hudbay Minerals Inc. (NYSE:HBM) earned “Underweight” rating by Barclays Capital on Thursday, January 14. The stock has “Neutral” rating by Credit Suisse on Monday, September 11.

Hudbay Minerals Inc. (NYSE:HBM) Ratings Chart

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