Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective lifted by equities researchers at CIBC from C$14.00 to C$16.00 in a research report issued to clients and investors on Monday. CIBC’s target price would suggest a potential upside of 36.17% from the company’s previous close.
A number of other analysts have also recently issued reports on the company. National Bank Financial cut Hudbay Minerals from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from C$11.25 to C$13.00 in a report on Wednesday, October 18th. Scotiabank reissued a “focus stock” rating and set a C$12.50 price objective on shares of Hudbay Minerals in a report on Thursday, November 2nd. BMO Capital Markets upped their target price on 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. TD Securities decreased their target price on Hudbay Minerals from C$13.00 to C$12.50 and set an “action list buy” rating on the stock in a research note on Monday, October 2nd. Finally, Eight Capital upped their target price on Hudbay Minerals from C$13.25 to C$13.75 in a research note on Friday. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. Hudbay Minerals has an average rating of “Buy” and an average price target of C$12.50.
Shares of Hudbay Minerals (TSE:HBM) traded up C$0.28 on Monday, reaching C$11.75. The company had a trading volume of 1,386,316 shares, compared to its average volume of 1,705,921. The stock has a market cap of $3,020.00, a PE ratio of 130.56 and a beta of 2.78. Hudbay Minerals has a twelve month low of C$6.13 and a twelve month high of C$12.65.
In other news, insider Gmt Capital Corp acquired 6,700 shares of Hudbay Minerals stock in a transaction dated Monday, November 20th. The shares were purchased at an average cost of C$7.68 per share, for a total transaction of C$51,456.00.
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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