HudBay Minerals Inc. (TSE:HBM) (NYSE:HBM) had its target price boosted by CIBC from C$7.50 to C$8.00 in a research report sent to investors on Tuesday morning.

Other analysts have also issued research reports about the stock. Canaccord Genuity lifted their target price on shares of HudBay Minerals from C$6.00 to C$7.00 in a report on Monday, July 25th. Raymond James Financial Inc. reduced their price target on shares of HudBay Minerals from C$8.25 to C$8.00 in a research report on Thursday, October 13th. Barclays PLC lifted their price target on shares of HudBay Minerals from C$4.00 to C$5.00 in a research report on Monday, August 8th. TD Securities raised shares of HudBay Minerals from a hold rating to a buy rating and lifted their price target for the stock from C$6.50 to C$7.50 in a research report on Thursday, November 3rd. Finally, BMO Capital Markets reissued a market perform rating on shares of HudBay Minerals in a research report on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of C$7.89.

HudBay Minerals (TSE:HBM) opened at 8.83 on Tuesday. The firm’s 50-day moving average is $6.15 and its 200 day moving average is $5.89. HudBay Minerals has a 52-week low of $2.26 and a 52-week high of $8.89. The firm’s market capitalization is $2.09 billion.

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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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