HudBay Minerals Inc. (HBM) Price Target Lowered to C$6.50 at BMO Capital Markets
HudBay Minerals Inc. (TSE:HBM) had its price target decreased by BMO Capital Markets from C$7.50 to C$6.50 in a report released on Thursday morning. BMO Capital Markets currently has an outperform rating on the mining company’s stock.
A number of other analysts also recently weighed in on HBM. Barclays PLC reaffirmed an underweight rating on shares of HudBay Minerals in a report on Tuesday, August 2nd. CSFB cut shares of HudBay Minerals from an outperform rating to a neutral rating in a research report on Thursday, July 28th. CIBC upped their price objective on shares of HudBay Minerals from C$6.50 to C$7.50 in a research report on Thursday, July 28th. TD Securities reiterated a hold rating and set a C$7.50 price objective on shares of HudBay Minerals in a research report on Thursday, August 4th. Finally, Royal Bank Of Canada upped their price objective on shares of HudBay Minerals from C$7.50 to C$8.00 and gave the stock an outperform rating in a research report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of C$7.87.
HudBay Minerals (TSE:HBM) traded up 1.02% during mid-day trading on Thursday, hitting $4.94. 596,390 shares of the stock traded hands. HudBay Minerals has a 52 week low of $2.26 and a 52 week high of $7.85. The firm’s market cap is $1.17 billion. The firm’s 50-day moving average price is $5.42 and its 200-day moving average price is $5.58.
The business also recently announced a dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 30th will be paid a dividend of $0.01 per share. This represents a yield of 0.18%. The ex-dividend date of this dividend is Wednesday, September 7th.
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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