HudBay Minerals Given New $11.00 Price Target at Canaccord Genuity (HBM)
Analysts at Canaccord Genuity decreased their price target on shares of HudBay Minerals (NYSE:HBM) from $11.50 to $11.00 in a research report issued to clients and investors on Friday, Analyst Ratings Network reports. Canaccord Genuity’s target price would suggest a potential upside of 39.24% from the company’s current price.
Separately, analysts at Citigroup Inc. downgraded shares of HudBay Minerals from an “outperform” rating to a “sector perform” rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $11.60.
HudBay Minerals (NYSE:HBM) traded down 0.63% during mid-day trading on Friday, hitting $7.85. 14,605 shares of the company’s stock traded hands. HudBay Minerals has a one year low of $5.78 and a one year high of $10.21. The stock’s 50-day moving average is $8.17 and its 200-day moving average is $7.70. The company’s market cap is $1.351 billion.
The company also recently declared a semiannual dividend, which is scheduled for Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.0091 per share. This represents a yield of 0.23%. The ex-dividend date of this dividend is Wednesday, March 12th.
HudBay Minerals Inc (NYSE:HBM) is an integrated mining company.
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