HudBay Minerals PT Raised to C$13.50 at Canaccord Genuity (HBM)
Stock analysts at Canaccord Genuity lifted their target price on shares of HudBay Minerals (TSE:HBM) to C$13.50 in a report issued on Wednesday. Canaccord Genuity’s price target indicates a potential upside of 22.73% from the company’s current price.
A number of other analysts have also recently weighed in on HBM. Analysts at Paradigm Capital raised their price target on shares of HudBay Minerals from C$11.00 to C$12.25 in a research note on Tuesday, June 24th. They now have a “buy” rating on the stock. Separately, analysts at Haywood Securities raised their price target on shares of HudBay Minerals from C$9.50 to C$10.00 in a research note on Tuesday, June 24th. They now have a “hold” rating on the stock. Finally, analysts at CIBC downgraded shares of HudBay Minerals from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, May 27th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. HudBay Minerals currently has an average rating of “Hold” and a consensus price target of C$10.54.
Shares of HudBay Minerals (TSE:HBM) traded up 1.20% on Wednesday, hitting $11.00. 1,695,470 shares of the company’s stock traded hands. HudBay Minerals has a one year low of $6.02 and a one year high of $11.18. The stock’s 50-day moving average is $10.09 and its 200-day moving average is $9.24. The company’s market cap is $2.123 billion.
HudBay Minerals (TSE:HBM) last issued its quarterly earnings data on Friday, May 2nd. The company reported ($0.04) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.01 by $0.05. On average, analysts predict that HudBay Minerals will post $0.12 earnings per share for the current fiscal year.
HudBay Minerals Inc (TSE:HBM) is an integrated mining company.
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