HudBay Minerals Price Target Raised to C$10.00 at CSFB (HBM)
Equities researchers at CSFB increased their target price on shares of HudBay Minerals (TSE:HBM) from C$9.50 to C$10.00 in a research report issued on Wednesday, AR Network reports. The firm currently has a “neutral” rating on the stock. CSFB’s price target indicates a potential upside of 16.82% from the company’s current price.
Shares of HudBay Minerals (TSE:HBM) traded up 1.05% during mid-day trading on Wednesday, hitting $8.65. The stock had a trading volume of 320,979 shares. HudBay Minerals has a 52 week low of $6.02 and a 52 week high of $11.76. The stock has a 50-day moving average of $8.79 and a 200-day moving average of $8.02. The company’s market cap is $1.488 billion.
A number of other firms have also recently commented on HBM. Analysts at TD Securities raised their price target on shares of HudBay Minerals from C$8.75 to C$10.00 in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of HudBay Minerals from C$8.00 to C$9.00 in a research note to investors on Friday, January 31st. They now have a “market perform” rating on the stock. Finally, analysts at CIBC cut their price target on shares of HudBay Minerals from C$12.00 to C$11.00 in a research note to investors on Friday, January 31st. They now have a “sector outperform” rating on the stock. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$10.15.
HudBay Minerals Inc (TSE:HBM) is an integrated mining company.
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