Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective boosted by equities research analysts at BMO Capital Markets from C$11.25 to C$12.00 in a research note issued on Tuesday. BMO Capital Markets’ price target indicates a potential upside of 3.09% from the company’s previous close.
Several other equities analysts have also commented on the stock. CIBC increased their target price on shares of Hudbay Minerals from C$13.00 to C$14.00 in a report on Friday, November 3rd. National Bank Financial lowered shares of Hudbay Minerals from an “outperform” rating to a “sector perform” rating and increased their target price for the company from C$11.25 to C$13.00 in a report on Wednesday, October 18th. Scotiabank reaffirmed a “focus stock” rating and set a C$12.50 target price on shares of Hudbay Minerals in a report on Thursday, November 2nd. TD Securities reduced their target price on shares of Hudbay Minerals from C$13.00 to C$12.50 and set an “action list buy” rating on the stock in a report on Monday, October 2nd. Finally, Eight Capital increased their target price on shares of Hudbay Minerals from C$13.25 to C$13.75 in a report on Friday. Four investment 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 currently has an average rating of “Buy” and an average target price of C$12.64.
Hudbay Minerals (HBM) traded down C$0.11 during mid-day trading on Tuesday, hitting C$11.64. 1,310,500 shares of the company traded hands, compared to its average volume of 1,679,560. Hudbay Minerals has a 52 week low of C$6.13 and a 52 week high of C$12.65. The company has a market cap of $2,970.00, a price-to-earnings ratio of 129.33 and a beta of 2.78.
In other Hudbay Minerals news, insider Gmt Capital Corp sold 29,200 shares of the stock in a transaction on Monday, January 22nd. The shares were sold at an average price of C$9.29, for a total transaction of C$271,268.00.
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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