TD Securities Trims Hudbay Minerals Inc (HBM) Target Price to C$12.50
Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) had its price target trimmed by TD Securities from C$13.00 to C$12.50 in a report published on Monday. The firm currently has an action list buy rating on the mining company’s stock.
HBM has been the topic of a number of other research reports. Barclays PLC lifted their price target on shares of Hudbay Minerals from C$10.00 to C$11.00 in a report on Wednesday, August 9th. National Bank Financial lifted their price target on shares of Hudbay Minerals from C$11.00 to C$11.50 and gave the company an outperform rating in a report on Tuesday, August 8th. Eight Capital reiterated a buy rating on shares of Hudbay Minerals in a report on Thursday, August 17th. Finally, Scotiabank reiterated a focus stock rating and issued a C$12.00 price target on shares of Hudbay Minerals in a report on Thursday, June 8th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Hudbay Minerals has a consensus rating of Buy and a consensus target price of C$10.61.
Hudbay Minerals (HBM) opened at 9.71 on Monday. The firm has a market capitalization of $2.30 billion and a PE ratio of 242.75. The firm’s 50-day moving average price is $9.97 and its 200-day moving average price is $8.57. Hudbay Minerals has a 1-year low of $4.85 and a 1-year high of $11.95.
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The firm also recently announced a Semi-Annual dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a dividend yield of 0.09%.
In other Hudbay Minerals news, insider Gmt Capital Corp bought 5,900 shares of Hudbay Minerals stock in a transaction that occurred on Monday, September 18th. The shares were acquired at an average price of C$7.60 per share, for a total transaction of C$44,840.00. Insiders have purchased a total of 67,100 shares of company stock worth $491,584 in the last 90 days.
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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