CSFB Lowers Hudbay Minerals (HBM) Price Target to C$11.50
Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price reduced by investment analysts 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 19.29% from the company’s current price.
A number of other analysts have also issued reports on the stock. CIBC lifted their price objective on shares of Hudbay Minerals from C$13.00 to C$14.00 in a research note on Friday, November 3rd. National Bank Financial lowered shares of Hudbay Minerals from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$11.25 to C$13.00 in a research note on Wednesday, October 18th. Scotiabank reiterated a “focus stock” rating and set a C$12.50 price objective on shares of Hudbay Minerals in a research note on Thursday, November 2nd. Eight Capital lifted their price objective on shares of Hudbay Minerals from C$13.25 to C$13.75 in a research note on Friday, January 19th. Finally, BMO Capital Markets lifted their price objective on shares of Hudbay Minerals from C$11.25 to C$12.00 in a research note on Tuesday, January 23rd. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$12.53.
Hudbay Minerals (HBM) traded down C$0.45 on Thursday, hitting C$9.64. 1,515,837 shares of the stock were exchanged, compared to its average volume of 1,676,052. 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.
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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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