Hudbay Minerals (HBM) Given New C$11.50 Price Target at CSFB

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price cut by equities researchers at CSFB from C$12.00 to C$11.50 in a research report issued to clients and investors on Thursday. CSFB’s price objective suggests a potential upside of 18.43% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Eight Capital raised their price objective on Hudbay Minerals from C$13.25 to C$13.75 in a report on Friday, January 19th. National Bank Financial lowered Hudbay Minerals from an “outperform” rating to a “sector perform” rating and set a C$13.00 price objective on the stock. in a report on Thursday, January 18th. CIBC raised their price objective on Hudbay Minerals from C$14.00 to C$16.00 in a report on Monday, January 22nd. Scotiabank reaffirmed a “focus stock” rating and set a C$12.50 price objective on shares of Hudbay Minerals in a report on Thursday, November 2nd. Finally, BMO Capital Markets raised their price objective on Hudbay Minerals from C$11.25 to C$12.00 in a report on Tuesday, January 23rd. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. Hudbay Minerals presently has a consensus rating of “Buy” and an average price target of C$12.53.

Shares of Hudbay Minerals (TSE:HBM) traded down C$0.38 during mid-day trading on Thursday, hitting C$9.71. The company’s stock had a trading volume of 1,914,595 shares, compared to its average volume of 1,701,091. The stock has a market capitalization of $2,640.00, a price-to-earnings ratio of 107.44 and a beta of 2.55. Hudbay Minerals has a 12 month low of C$6.13 and a 12 month high of C$12.65.

In related news, insider Gmt Capital Corp sold 4,900 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of C$8.87, for a total transaction of C$43,463.00. In the last three months, insiders have sold 44,200 shares of company stock worth $407,238.

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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.

Analyst Recommendations for Hudbay Minerals (TSE:HBM)

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