HudBay Minerals Upgraded by TD Securities to Buy (HBM)
HudBay Minerals (TSE:HBM) was upgraded by equities researchers at TD Securities from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The firm currently has a C$13.50 price target on the stock, up from their previous price target of C$10.00. TD Securities’ target price suggests a potential upside of 20.43% from the stock’s previous close.
A number of other firms have also recently commented on HBM. Analysts at Raymond James raised their price target on shares of HudBay Minerals from C$9.50 to C$11.00 in a research note on Monday, July 14th. Separately, analysts at Canaccord Genuity raised their price target on shares of HudBay Minerals to C$13.50 in a research note on Wednesday, July 9th. Finally, 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. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of C$11.26.
HudBay Minerals (TSE:HBM) traded up 2.75% during mid-day trading on Tuesday, hitting $11.21. The stock had a trading volume of 3,200,969 shares. HudBay Minerals has a 1-year low of $6.02 and a 1-year high of $11.79. The stock has a 50-day moving average of $10.26 and a 200-day moving average of $9.37. The company’s market cap is $2.164 billion.
HudBay Minerals (TSE:HBM) last posted its quarterly earnings results on Friday, May 2nd. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.05. Analysts expect that HudBay Minerals will post $0.15 EPS for the current fiscal year.
HudBay Minerals Inc (TSE:HBM) is an integrated mining company.
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