Shares of Hudbay Minerals Inc (NYSE:HBM) (TSE:HBM) have been given a consensus recommendation of “Hold” by the nine ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $11.38.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research lowered Hudbay Minerals from a “hold” rating to a “sell” rating in a research note on Wednesday. BMO Capital Markets increased their price target on Hudbay Minerals from $10.50 to $10.75 and gave the stock a “market perform” rating in a research note on Monday, October 2nd. ValuEngine raised Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Finally, Credit Suisse Group increased their price target on Hudbay Minerals from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, September 11th.
Hudbay Minerals (NYSE:HBM) traded down $0.10 during mid-day trading on Friday, reaching $9.38. The company had a trading volume of 365,324 shares, compared to its average volume of 616,192. Hudbay Minerals has a 12-month low of $4.60 and a 12-month high of $9.55. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. The stock has a market cap of $2,470.00, a price-to-earnings ratio of 156.33 and a beta of 3.17.
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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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