HudBay Minerals Inc. (HBM) Price Target Increased to C$9.00 by Analysts at National Bank Financial
HudBay Minerals Inc. (TSE:HBM) (NYSE:HBM) had its price target increased by National Bank Financial from C$7.00 to C$9.00 in a report released on Tuesday. They currently have a sector perform rating on the mining company’s stock.
Other equities analysts have also recently issued research reports about the stock. Royal Bank Of Canada reiterated an outperform rating on shares of HudBay Minerals in a research note on Tuesday. Canaccord Genuity upped their target price on shares of HudBay Minerals from C$6.00 to C$7.00 in a research note on Monday, July 25th. CSFB cut shares of HudBay Minerals from an outperform rating to a neutral rating in a research note on Thursday, July 28th. TD Securities reiterated a hold rating and issued a C$7.50 price objective on shares of HudBay Minerals in a research note on Thursday, August 4th. Finally, Barclays PLC increased their price objective on shares of HudBay Minerals from C$4.00 to C$5.00 in a research note on Monday, August 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of C$7.89.
HudBay Minerals (TSE:HBM) opened at 8.83 on Tuesday. The company’s 50-day moving average is $6.15 and its 200 day moving average is $5.89. The stock’s market cap is $2.09 billion. HudBay Minerals has a 52 week low of $2.26 and a 52 week high of $8.89.
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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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