Hudbay Minerals Inc (HBM) Earns Outperform Rating from CIBC
CIBC reissued their outperform rating on shares of Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) in a research report released on Tuesday. The brokerage currently has a C$13.00 price objective on the mining company’s stock.
A number of other research firms also recently issued reports on HBM. TD Securities lowered their target price on Hudbay Minerals from C$13.50 to C$13.00 and set an action list buy rating on the stock in a research report on Friday, August 4th. Scotiabank reaffirmed a focus stock rating and issued a C$11.00 target price on shares of Hudbay Minerals in a research report on Friday, August 4th. National Bank Financial lifted their target price on Hudbay Minerals from C$10.25 to C$11.00 and gave the company an outperform rating in a research report on Monday, July 24th. BMO Capital Markets lifted their target price on Hudbay Minerals from C$10.50 to C$10.75 and gave the company a market perform rating in a research report on Monday, October 2nd. Finally, Eight Capital reaffirmed a buy rating on shares of Hudbay Minerals in a research report on Thursday, August 17th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of C$11.17.
Hudbay Minerals (TSE HBM) opened at 10.00 on Tuesday. Hudbay Minerals has a one year low of $4.94 and a one year high of $11.95. The stock’s 50 day moving average price is $9.92 and its 200-day moving average price is $8.59. The firm has a market cap of $2.37 billion and a price-to-earnings ratio of 250.00.
The firm also recently declared a Semi-Annual dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were given a dividend of $0.01 per share. This represents a yield of 0.09%. The ex-dividend date was Thursday, September 7th.
In other Hudbay Minerals news, insider Gmt Capital Corp purchased 11,800 shares of the stock in a transaction on Monday, August 14th. The shares were purchased at an average price of C$7.29 per share, with a total value of C$86,022.00. In the last three months, insiders have acquired 63,500 shares of company stock worth $470,956.
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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