Hudbay Minerals (TSE:HBM) Given New C$6.00 Price Target at TD Securities
Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price trimmed by TD Securities from C$6.50 to C$6.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports. The firm currently has a buy rating on the mining company’s stock.
Several other analysts have also issued reports on the stock. Raymond James reduced their target price on shares of Hudbay Minerals from C$8.00 to C$7.50 and set a market perform rating for the company in a research note on Monday, August 12th. Haywood Securities reduced their target price on shares of Hudbay Minerals from C$9.00 to C$8.00 in a research note on Tuesday, August 6th. CSFB reduced their target price on shares of Hudbay Minerals from C$11.50 to C$8.75 in a research note on Tuesday, August 6th. BMO Capital Markets reduced their target price on shares of Hudbay Minerals from C$10.00 to C$8.50 in a research note on Thursday, September 26th. Finally, CIBC reduced their target price on shares of Hudbay Minerals from C$7.00 to C$5.00 in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of C$7.10.
Shares of TSE HBM traded down C$0.05 during trading on Wednesday, hitting C$4.44. The stock had a trading volume of 866,817 shares, compared to its average volume of 1,246,262. Hudbay Minerals has a 12 month low of C$3.98 and a 12 month high of C$10.42. The company has a debt-to-equity ratio of 49.69, a current ratio of 2.31 and a quick ratio of 1.78. The company has a market capitalization of $1.18 billion and a PE ratio of -24.00. The firm has a fifty day moving average of C$4.74 and a two-hundred day moving average of C$5.81.
About Hudbay Minerals
Hudbay Minerals Inc, an integrated mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; and zinc metal. The company owns three polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and copper projects in Arizona and Nevada, the United States.
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