HudBay Minerals Inc. (TSE:HBM) had its price objective dropped by equities research analysts at Raymond James Financial Inc. from C$8.25 to C$8.00 in a research report issued on Thursday. Raymond James Financial Inc.’s price target would indicate a potential upside of 58.73% from the company’s current price.

Several other research firms have also recently issued reports on HBM. National Bank Financial lifted their price objective on shares of HudBay Minerals from C$5.75 to C$8.75 in a research report on Monday, July 18th. CSFB cut shares of HudBay Minerals from an “outperform” rating to a “neutral” rating in a research report on Thursday, July 28th. Scotiabank reaffirmed an “outperform” rating and set a C$8.00 price objective on shares of HudBay Minerals in a research report on Thursday, July 28th. CIBC lifted their price target on shares of HudBay Minerals from C$6.50 to C$7.50 in a research note on Thursday, July 28th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of HudBay Minerals in a research note on Tuesday, August 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of C$7.88.

Analyst Recommendations for HudBay Minerals (TSE:HBM)

HudBay Minerals (TSE:HBM) traded down 0.59% during midday trading on Thursday, hitting $5.04. 1,568,623 shares of the stock traded hands. The company’s market cap is $1.19 billion. The company’s 50 day moving average is $5.16 and its 200-day moving average is $5.58. HudBay Minerals has a one year low of $2.26 and a one year high of $7.42.

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The company also recently declared a dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 30th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a dividend yield of 0.18%.

About HudBay Minerals

HudBay Minerals Inc is a Canada-based mining company. The Company is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal. The Company is focused on the discovery, production and marketing of base and precious metals. The Company has assets in North and South America.

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