Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) shares reached a new 52-week high on Thursday . The stock traded as high as C$12.06 and last traded at C$11.86, with a volume of 2546225 shares traded. The stock had previously closed at C$11.30.

HBM has been the topic of several analyst reports. National Bank Financial reissued an “outperform” rating and issued a C$11.25 target price on shares of Hudbay Minerals in a research report on Friday, September 29th. Scotiabank reissued a “focus stock” rating and issued a C$12.50 target price on shares of Hudbay Minerals in a research report on Thursday, November 2nd. BMO Capital Markets lifted their target price on shares of Hudbay Minerals from C$10.50 to C$10.75 and gave the stock a “market perform” rating in a research report on Monday, October 2nd. CIBC reissued an “outperform” rating and issued a C$13.00 target price on shares of Hudbay Minerals in a research report on Tuesday, October 10th. Finally, TD Securities dropped 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 research report on Monday, October 2nd. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. Hudbay Minerals presently has an average rating of “Buy” and an average target price of C$12.09.

The stock has a market cap of $3,160.00, a price-to-earnings ratio of 134.22 and a beta of 2.78.

In related news, insider Gmt Capital Corp purchased 6,700 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was acquired at an average cost of C$7.68 per share, for a total transaction of C$51,456.00.

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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.

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