Hudbay Minerals Inc (HBM) PT Lowered to C$10.00 at Barclays PLC
Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) had its price target dropped by stock analysts at Barclays PLC from C$11.00 to C$10.00 in a research report issued to clients and investors on Friday, StockTargetPrices.com reports. Barclays PLC’s price objective would indicate a potential upside of 36.05% from the stock’s previous close.
Several other research firms have also commented on HBM. BMO Capital Markets lowered their price target on shares of Hudbay Minerals from C$12.50 to C$11.00 in a research report on Monday, April 10th. TD Securities set a C$15.00 price target on shares of Hudbay Minerals and gave the stock a “buy” rating in a research report on Thursday, February 23rd. Scotiabank restated a “buy” rating and set a C$15.00 price target on shares of Hudbay Minerals in a research report on Thursday, February 23rd. Canaccord Genuity lowered their price target on shares of Hudbay Minerals from C$12.00 to C$11.00 and set a “buy” rating for the company in a research report on Monday, April 3rd. Finally, ValuEngine upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Thursday, May 11th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Hudbay Minerals has a consensus rating of “Buy” and an average price target of C$11.00.
Shares of Hudbay Minerals (TSE:HBM) traded up 3.23% on Friday, reaching $7.35. 1,643,774 shares of the company’s stock traded hands. The company has a 50 day moving average of $8.12 and a 200-day moving average of $8.91. Hudbay Minerals has a 52 week low of $4.74 and a 52 week high of $11.95. The stock’s market capitalization is $1.74 billion.
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In related news, insider Gmt Capital Corp bought 29,100 shares of the firm’s stock in a transaction that occurred on Thursday, May 4th. The stock was purchased at an average price of C$5.31 per share, for a total transaction of C$154,521.00. Insiders purchased a total of 75,900 shares of company stock valued at $425,997 in the last quarter.
Hudbay Minerals Company Profile
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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