Thornburg Investment Management Increased Its Potash Of Saskatchewan (POT) Holding, Hudbay Minerals (HBM) Covered By 2 Bullish Analysts Last Week

June 20, 2017 - By Dolores Ford

Among 5 analysts covering Hudbay Minerals Inc (NYSE:HBM), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. Hudbay Minerals Inc had 12 analyst reports since July 21, 2015 according to SRatingsIntel. Canaccord Genuity upgraded the stock to “Hold” rating in Thursday, August 6 report. The rating was downgraded by Barclays Capital on Thursday, January 14 to “Underweight”. The stock of Hudbay Minerals Inc (NYSE:HBM) has “Outperform” rating given on Monday, May 16 by RBC Capital Markets. Credit Suisse maintained the stock with “Neutral” rating in Wednesday, April 19 report. The firm has “Outperform” rating given on Thursday, September 29 by BMO Capital Markets. BMO Capital Markets downgraded the stock to “Market Perform” rating in Tuesday, August 2 report. Raymond James maintained the shares of HBM in report on Thursday, September 3 with “Outperform” rating. See Hudbay Minerals Inc (NYSE:HBM) latest ratings:

19/04/2017 Broker: Credit Suisse Rating: Neutral Maintain
02/02/2017 Broker: BMO Capital Markets Rating: Market Perform Initiates Coverage On

Thornburg Investment Management Inc increased Potash Corp Of Saskatchewan (POT) stake by 13.63% reported in 2016Q4 SEC filing. Thornburg Investment Management Inc acquired 868,114 shares as Potash Corp Of Saskatchewan (POT)’s stock declined 11.27%. The Thornburg Investment Management Inc holds 7.24 million shares with $130.90 million value, up from 6.37 million last quarter. Potash Corp Of Saskatchewan now has $13.77B valuation. The stock declined 1.64% or $0.27 reaching $16.45 on the news. About 764,040 shares traded. Potash Corporation of Saskatchewan (USA) (NYSE:POT) has risen 0.06% since June 20, 2016 and is uptrending. It has underperformed by 16.64% the S&P500.

Thornburg Investment Management Inc decreased Servicenow Inc (NYSE:NOW) stake by 13,700 shares to 124,019 valued at $9.22 million in 2016Q4. It also reduced Dynex Capital Inc (NYSE:DX) stake by 1.58 million shares and now owns 1.99 million shares. Unsp Adr was reduced too.

Among 21 analysts covering Potash Corp (NYSE:POT), 8 have Buy rating, 5 Sell and 8 Hold. Therefore 38% are positive. Potash Corp had 52 analyst reports since August 4, 2015 according to SRatingsIntel. As per Monday, October 31, the company rating was upgraded by Atlantic Securities. The company was downgraded on Monday, September 7 by Zacks. On Monday, April 4 the stock rating was downgraded by IBC to “Sector Performer”. The stock of Potash Corporation of Saskatchewan (USA) (NYSE:POT) has “Market Perform” rating given on Monday, December 21 by Cowen & Co. The stock of Potash Corporation of Saskatchewan (USA) (NYSE:POT) has “Sector Outperformer” rating given on Monday, October 19 by IBC. The firm has “Market Perform” rating by Cowen & Co given on Tuesday, January 24. The company was upgraded on Tuesday, October 13 by Bernstein. HSBC downgraded Potash Corporation of Saskatchewan (USA) (NYSE:POT) on Monday, April 11 to “Hold” rating. The company was downgraded on Tuesday, May 31 by Stifel Nicolaus. Scotia Capital upgraded it to “Sector Outperform” rating and $18 target in Friday, January 29 report.

Hudbay Minerals Inc is a Canada-based mining company. The company has market cap of $1.16 billion. The Firm is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal. It currently has negative earnings. The Firm is focused on the discovery, production and marketing of base and precious metals.

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