Hudbay Minerals Inc (HBM) Receives C$10.90 Average Price Target from Brokerages
Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) has earned a consensus recommendation of “Buy” from the eleven analysts that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$10.80.
Several equities research analysts recently commented on HBM shares. CIBC dropped their price objective on Hudbay Minerals from C$10.00 to C$9.00 in a research report on Monday, November 5th. Raymond James reaffirmed an “outperform” rating and set a C$9.00 price objective on shares of Hudbay Minerals in a research report on Friday, November 2nd. CSFB reaffirmed a “neutral” rating and set a C$8.50 price objective on shares of Hudbay Minerals in a research report on Monday, September 10th. Royal Bank of Canada dropped their price objective on Hudbay Minerals from C$13.00 to C$11.00 and set an “outperform” rating on the stock in a research report on Monday, August 13th. Finally, National Bank Financial dropped their price objective on Hudbay Minerals from C$9.50 to C$9.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 2nd.
Shares of TSE HBM traded down C$0.09 during trading on Monday, reaching C$6.54. The company had a trading volume of 1,689,400 shares, compared to its average volume of 1,777,975. Hudbay Minerals has a 12-month low of C$4.51 and a 12-month high of C$12.65. The company has a debt-to-equity ratio of 48.75, a current ratio of 2.15 and a quick ratio of 1.67.
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 four polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and a copper project in Arizona, the United States.
Read More: What Is An Exchange-Traded Fund (ETF)?
Receive News & Ratings for Hudbay Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudbay Minerals and related companies with MarketBeat.com's FREE daily email newsletter.