Hudbay Minerals Inc (HBM) Price Target Lowered to C$12.50 at TD Securities
Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) had its price target reduced by TD Securities from C$13.00 to C$12.50 in a research report report published on Monday. They currently have an action list buy rating on the mining company’s stock.
HBM has been the topic of several other research reports. Barclays PLC raised their price target on shares of Hudbay Minerals from C$10.00 to C$11.00 in a research report on Wednesday, August 9th. Eight Capital restated a buy rating on shares of Hudbay Minerals in a research report on Thursday, August 17th. Scotiabank restated a focus stock rating and set a C$12.00 price target on shares of Hudbay Minerals in a research report on Thursday, June 8th. Finally, National Bank Financial raised their price target on shares of Hudbay Minerals from C$11.00 to C$11.50 and gave the company an outperform rating in a research report on Tuesday, August 8th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. Hudbay Minerals currently has a consensus rating of Buy and a consensus target price of C$10.61.
Hudbay Minerals (TSE:HBM) opened at 9.97 on Monday. Hudbay Minerals has a 1-year low of $4.85 and a 1-year high of $11.95. The stock has a market cap of $2.37 billion and a PE ratio of 249.25. The company’s 50 day moving average is $9.96 and its 200-day moving average is $8.58.
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The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were issued a dividend of $0.01 per share. This represents a yield of 0.09%. The ex-dividend date of this dividend was Thursday, September 7th.
In related news, insider Gmt Capital Corp acquired 21,900 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were acquired at an average cost of C$7.52 per share, with a total value of C$164,688.00. Over the last ninety days, insiders have acquired 67,100 shares of company stock worth $491,584.
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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