Hudbay Minerals Inc (HBM) PT Raised to C$14.00
Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) had its price target lifted by CIBC from C$13.00 to C$14.00 in a research report issued on Friday. CIBC’s price target indicates a potential upside of 42.13% from the company’s previous close.
Several other brokerages have also recently weighed in on HBM. TD Securities dropped their price target on shares of Hudbay Minerals from C$13.50 to C$13.00 and set an “action list buy” rating on the stock in a research report on Friday, August 4th. Scotiabank reaffirmed a “focus stock” rating and issued a C$11.00 price target on shares of Hudbay Minerals in a research report on Friday, August 4th. National Bank Financial raised their price target on shares of Hudbay Minerals from C$10.25 to C$11.00 and gave the company an “outperform” rating in a research report on Monday, July 24th. BMO Capital Markets raised their price target 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, Eight Capital reaffirmed a “buy” rating on shares of Hudbay Minerals in a research report on Thursday, August 17th. Four investment 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 stock. Hudbay Minerals presently has a consensus rating of “Buy” and a consensus price target of C$12.09.
Hudbay Minerals (TSE:HBM) opened at C$9.85 on Friday. Hudbay Minerals has a 1 year low of C$5.86 and a 1 year high of C$11.95.
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In related news, insider Gmt Capital Corp purchased 5,900 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was bought at an average price of C$7.60 per share, for a total transaction of C$44,840.00. In the last three months, insiders have acquired 57,300 shares of company stock worth $428,831.
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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