HudBay Minerals Inc. (TSE:HBM) (NYSE:HBM) had its price target upped by investment analysts at Barclays PLC from C$5.00 to C$7.00 in a research report issued on Thursday. The firm presently has an “underweight” rating on the mining company’s stock. Barclays PLC’s target price suggests a potential downside of 9.09% from the stock’s previous close.

A number of other analysts have also issued reports on the company. TD Securities raised HudBay Minerals from a “hold” rating to a “buy” rating and boosted their target price for the company from C$6.50 to C$7.50 in a research report on Thursday, November 3rd. Scotiabank cut their price objective on HudBay Minerals from C$8.00 to C$7.50 and set an “outperform” rating on the stock in a research report on Monday, September 19th. Canaccord Genuity upped their price objective on HudBay Minerals from C$6.00 to C$7.00 in a research report on Monday, July 25th. Raymond James Financial Inc. cut their price objective on HudBay Minerals from C$8.25 to C$8.00 in a research report on Thursday, October 13th. Finally, Royal Bank Of Canada upped their price objective on 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 investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. HudBay Minerals presently has a consensus rating of “Buy” and an average price target of C$7.48.

Analyst Recommendations for HudBay Minerals (TSE:HBM)

Shares of HudBay Minerals (TSE:HBM) traded down 0.455% during trading on Thursday, reaching $7.665. The company had a trading volume of 1,623,525 shares. The firm has a 50-day moving average of $5.80 and a 200 day moving average of $5.81. HudBay Minerals has a 1-year low of $2.26 and a 1-year high of $8.40. The firm’s market capitalization is $1.81 billion.

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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