Hudbay Minerals (HBM) Given New C$13.75 Price Target at Eight Capital

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective boosted by investment analysts at Eight Capital from C$13.25 to C$13.75 in a research note issued on Friday. Eight Capital’s price objective points to a potential upside of 19.88% from the company’s current price.

A number of other research analysts have also recently weighed in on HBM. National Bank Financial reissued a “sector perform” rating on shares of Hudbay Minerals in a research note on Wednesday. TD Securities lowered their target price on shares of Hudbay Minerals from C$13.00 to C$12.50 and set an “action list buy” rating for the company in a research note on Monday, October 2nd. BMO Capital Markets lifted their target price on shares of Hudbay Minerals from C$10.50 to C$10.75 and gave the stock a “market perform” rating in a research note on Monday, October 2nd. Scotiabank reaffirmed a “focus stock” rating and issued a C$12.50 target price on shares of Hudbay Minerals in a research note on Thursday, November 2nd. Finally, CIBC reaffirmed an “outperform” rating and issued a C$13.00 target price on shares of Hudbay Minerals in a research note on Tuesday, October 10th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of C$12.28.

Shares of Hudbay Minerals (TSE HBM) traded down C$1.03 on Friday, hitting C$11.47. 4,102,742 shares of the stock were exchanged, compared to its average volume of 1,730,506. Hudbay Minerals has a fifty-two week low of C$6.13 and a fifty-two week high of C$12.65. The stock has a market cap of $3,030.00, a PE ratio of 127.44 and a beta of 2.78.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings data on Wednesday, November 1st. The mining company reported C$0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.25 by C$0.02. Hudbay Minerals had a net margin of 11.05% and a return on equity of 8.55%.

In related news, insider Gmt Capital Corp acquired 6,700 shares of the stock in a transaction dated Monday, November 20th. The stock was bought at an average cost of C$7.68 per share, with a total value of C$51,456.00.

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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.

Analyst Recommendations for Hudbay Minerals (TSE:HBM)

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