Hudbay Minerals (HBM) Given New C$12.00 Price Target at BMO Capital Markets
Several other equities research analysts have also weighed in on the company. CIBC boosted their target price on Hudbay Minerals from C$13.00 to C$14.00 in a report on Friday, November 3rd. National Bank Financial lowered Hudbay Minerals from an outperform rating to a sector perform rating and boosted their target price for the stock from C$11.25 to C$13.00 in a report on Wednesday, October 18th. Scotiabank restated a focus stock rating and issued 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 Hudbay Minerals from C$13.00 to C$12.50 and set an action list buy rating for the company in a report on Monday, October 2nd. Finally, Eight Capital boosted their target price on Hudbay Minerals from C$13.25 to C$13.75 in a report on Friday, January 19th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of C$12.64.
Hudbay Minerals (TSE HBM) traded up C$0.37 on Tuesday, reaching C$11.71. The company had a trading volume of 800,444 shares, compared to its average volume of 1,715,652. Hudbay Minerals has a 12-month low of C$6.13 and a 12-month high of C$12.65. The firm has a market cap of $3,060.00, a price-to-earnings ratio of 130.11 and a beta of 2.78.
In other news, insider Gmt Capital Corp sold 29,200 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The stock was 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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