HudBay Minerals Inc. (TSE:HBM) (NYSE:HBM) had its target price boosted by equities researchers at Scotiabank from C$7.75 to C$8.75 in a note issued to investors on Tuesday. The firm presently has an “outperform” rating on the mining company’s stock. Scotiabank’s price target would suggest a potential downside of 5.71% from the stock’s previous close.

Several other brokerages have also recently commented on HBM. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of HudBay Minerals in a report on Tuesday. CIBC raised their target price on shares of HudBay Minerals from C$7.50 to C$8.00 in a report on Tuesday. National Bank Financial raised their target price on shares of HudBay Minerals from C$7.00 to C$9.00 and gave the stock a “sector perform” rating in a report on Tuesday. Barclays PLC raised their target price on shares of HudBay Minerals from C$5.00 to C$7.00 and gave the stock an “underweight” rating in a report on Thursday, November 17th. Finally, CSFB lowered shares of HudBay Minerals from an “outperform” rating to a “neutral” rating in a research report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$7.89.

Analyst Recommendations for HudBay Minerals (TSE:HBM)

HudBay Minerals (TSE:HBM) opened at 9.28 on Tuesday. The company has a 50-day moving average of $6.27 and a 200 day moving average of $5.91. The company’s market cap is $2.19 billion. HudBay Minerals has a 52-week low of $2.26 and a 52-week high of $9.29.

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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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