HudBay Minerals Given Consensus Recommendation of “Hold” by Brokerages (TSE:HBM)
Shares of HudBay Minerals (TSE:HBM) have received an average recommendation of “Hold” from the fifteen analysts that are currently covering the stock, Stock Ratings News reports. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$10.15.
HudBay Minerals (TSE:HBM) traded up 0.33% during mid-day trading on Wednesday, hitting $9.02. The stock had a trading volume of 121,956 shares. HudBay Minerals has a 52-week low of $6.02 and a 52-week high of $11.13. The stock has a 50-day moving average of $8.96 and a 200-day moving average of $8.09. The company’s market cap is $1.552 billion.
A number of research firms have recently commented on HBM. Analysts at CSFB raised their price target on shares of HudBay Minerals from C$9.50 to C$10.00 in a research note on Wednesday, February 5th. They now have a “neutral” rating on the stock. Separately, 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 on Tuesday, February 4th. They now have a “hold” rating on the stock. Finally, 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 on Friday, January 31st. They now have a “market perform” rating on the stock.
HudBay Minerals Inc (TSE:HBM) is an integrated mining company.
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