Raymond James Financial Inc. Cuts HudBay Minerals Inc. (HBM) Price Target to C$8.00
HudBay Minerals Inc. (TSE:HBM) had its target price cut by investment analysts at Raymond James Financial Inc. from C$8.25 to C$8.00 in a research note issued to investors on Thursday. Raymond James Financial Inc.’s target price would suggest a potential upside of 57.79% from the company’s previous close.
A number of other research analysts have also recently commented on HBM. National Bank Financial boosted their price objective on HudBay Minerals from C$5.75 to C$8.75 in a research note on Monday, July 18th. Canaccord Genuity boosted their price objective on HudBay Minerals from C$6.00 to C$7.00 in a research note on Monday, July 25th. CIBC boosted their price objective on HudBay Minerals from C$6.50 to C$7.50 in a research note on Thursday, July 28th. CSFB cut HudBay Minerals from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 28th. Finally, Scotiabank restated an “outperform” rating and set a C$8.00 price objective on shares of HudBay Minerals in a research note on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of C$7.88.
HudBay Minerals (TSE:HBM) traded down 0.39% during midday trading on Thursday, hitting $5.05. 1,109,095 shares of the stock traded hands. The stock’s market cap is $1.19 billion. HudBay Minerals has a 12 month low of $2.26 and a 12 month high of $7.42. The company has a 50-day moving average of $5.16 and a 200-day moving average of $5.58.
The business also recently announced a dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 30th were issued a dividend of $0.01 per share. This represents a dividend yield of 0.18%. The ex-dividend date was Wednesday, September 7th.
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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