Hudbay's no. 2 investor ratchets up pressure on miner [Business News Network (BNN) Energy & Resources (Canada)]
NEVSUN RESOURCES (NSU)
NASDAQ:AMEX Investor Relations:
nevsun.com/investors
Company Research
Source: Business News Network
Hudbay's no. 2 investor ratchets up pressure on miner Hudbay Minerals Inc.’s ( HBM.TO ) second-biggest investor ratcheted up pressure on the Toronto miner ahead of its quarterly earnings, arguing the company’s shares could more than double if it changes its strategy. Hudbay could be worth about $19 per share if it changes its leadership, reviews its portfolio and improves capital allocation, Waterton Global Resource Management said Tuesday in a 73-page presentation. After rising as much as 6.8 per cent, Hudbay’s shares were up 5.9 per cent to $8.40 at 2:03 p.m. in Toronto, giving the company a market value of $2.2 billion. Hudbay called Waterton’s plan “long on generalities and very short on specifics.” It said in a statement that the plan appeared to be largely based on a list of actions the miner is already taking and which are advancing well. Hudbay said it would address Waterton’s claims in more detail later. “Hudbay is disappointed by Waterton’s selective use of performance metri
Show less
Read more
Impact Snapshot
Event Time:
NSU
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
NSU alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
NSU alerts
High impacting NEVSUN RESOURCES news events
Weekly update
A roundup of the hottest topics