Hudbay Minerals Inc (HBM) Given Consensus Rating of “Buy” by Brokerages
Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) has been assigned an average recommendation of “Buy” from the eleven ratings firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$12.09.
HBM has been the subject of a number of recent research reports. CIBC increased their target price on shares of Hudbay Minerals from C$13.00 to C$14.00 in a research report on Friday, November 3rd. National Bank Financial cut 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 research report on Wednesday, October 18th. Scotiabank reiterated 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 increased their target price on shares of Hudbay Minerals from C$10.50 to C$10.75 and gave the company a “market perform” rating in a research report on Monday, October 2nd. Finally, TD Securities cut their price objective on shares of Hudbay Minerals from C$13.00 to C$12.50 and set an “action list buy” rating for the company in a research report on Monday, October 2nd.
Shares of Hudbay Minerals (TSE:HBM) opened at C$11.68 on Tuesday. The company has a market cap of $3,050.00, a PE ratio of 129.78 and a beta of 2.78. Hudbay Minerals has a 12-month low of C$6.13 and a 12-month high of C$11.95.
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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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