HudBay Minerals Given New C$11.00 Price Target at Canaccord Genuity (HBM)
Research analysts at Canaccord Genuity cut their price objective on shares of HudBay Minerals (TSE:HBM) from C$11.50 to C$11.00 in a report released on Friday, American Banking News.com reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price indicates a potential upside of 25.43% from the stock’s previous close.
Shares of HudBay Minerals (TSE:HBM) traded down 0.57% on Friday, hitting $8.72. 359,548 shares of the company’s stock traded hands. HudBay Minerals has a one year low of $6.02 and a one year high of $10.50. The stock has a 50-day moving average of $9.00 and a 200-day moving average of $8.17. The company’s market cap is $1.501 billion.
Several other analysts have also recently commented on the stock. 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. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of C$10.11.
HudBay Minerals Inc (TSE:HBM) is an integrated mining company.
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