HudBay Minerals Rating Reiterated by CIBC (HBM)
HudBay Minerals (TSE:HBM)‘s stock had its “sector outperform” rating restated by stock analysts at CIBC in a report issued on Friday, Analyst Ratings Network reports. They currently have a C$12.00 price objective on the stock. CIBC’s price target suggests a potential upside of 46.88% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of HudBay Minerals (TSE:HBM) in a research note to investors on Tuesday. They now have a C$10.00 price target on the stock. Separately, analysts at Raymond James cut their price target on shares of HudBay Minerals (TSE:HBM) from C$12.75 to C$12.50 in a research note to investors on Thursday, August 22nd. Finally, analysts at TD Securities cut their price target on shares of HudBay Minerals (TSE:HBM) from C$8.50 to C$8.00 in a research note to investors on Thursday, August 8th. They now have a “hold” rating on the stock. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. HudBay Minerals presently has a consensus rating of “Buy” and an average price target of C$10.55.
HudBay Minerals (TSE:HBM) traded down 1.45% during mid-day trading on Friday, hitting $8.17. 877,472 shares of the company’s stock traded hands. HudBay Minerals has a 1-year low of $6.02 and a 1-year high of $12.10. The stock’s 50-day moving average is $7.07 and its 200-day moving average is $8.03. The company’s market cap is $1.406 billion.
HudBay Minerals Inc (TSE:HBM) is an integrated mining company.
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