HudBay Minerals Rating Reiterated by CIBC (HBM)
HudBay Minerals (TSE:HBM)‘s stock had its “sector outperform” rating reiterated by research analysts at CIBC in a report released on Thursday, Analyst Ratings.Net reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity upgraded shares of HudBay Minerals from a “hold” rating to a “buy” rating in a research note to investors on Tuesday. They now have a C$19.00 price target on the stock, up previously from C$17.00. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of HudBay Minerals in a research note to investors on Thursday, December 5th. Finally, analysts at UBS AG raised their price target on shares of HudBay Minerals from C$8.00 to C$8.50 in a research note to investors on Tuesday, November 12th. They now have a “neutral” rating on the stock. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of C$10.45.
Shares of HudBay Minerals (TSE:HBM) traded down 2.72% on Thursday, hitting $8.57. The stock had a trading volume of 3,299,682 shares. HudBay Minerals has a one year low of $6.02 and a one year high of $12.10. The stock’s 50-day moving average is $7.97 and its 200-day moving average is $7.72. The company’s market cap is $1.475 billion.
HudBay Minerals Inc (TSE:HBM) is an integrated mining company.
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