Hudbay Minerals (HBM) Price Target Lowered to C$13.00 at Raymond James Financial

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective dropped by Raymond James Financial from C$13.50 to C$13.00 in a report issued on Friday. The firm presently has an “outperform” rating on the mining company’s stock. Raymond James Financial’s price target indicates a potential upside of 25.48% from the stock’s previous close.

Several other analysts have also commented on HBM. Scotiabank reaffirmed a “focus stock” rating and issued a C$12.50 price target on shares of Hudbay Minerals in a research note on Thursday, November 2nd. CIBC boosted their price target on Hudbay Minerals from C$13.00 to C$14.00 in a research note on Friday, November 3rd. National Bank Financial lowered Hudbay Minerals from an “outperform” rating to a “sector perform” rating and set a C$13.00 price target on the stock. in a research note on Thursday, January 18th. Eight Capital boosted their price target on Hudbay Minerals from C$13.25 to C$13.75 in a research note on Friday, January 19th. Finally, BMO Capital Markets boosted their price objective on Hudbay Minerals from C$11.25 to C$12.00 in a research note on Tuesday, January 23rd. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of C$12.81.

Shares of Hudbay Minerals (TSE HBM) traded down C$0.20 during mid-day trading on Friday, reaching C$10.36. The company had a trading volume of 1,092,184 shares, compared to its average volume of 1,869,825. The firm has a market cap of $2,680.00, a price-to-earnings ratio of 12.48 and a beta of 2.55. Hudbay Minerals has a twelve month low of C$6.13 and a twelve month high of C$12.65.

In other news, insider Gmt Capital Corp sold 7,300 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of C$9.45, for a total transaction of C$68,985.00. In the last three months, insiders sold 59,400 shares of company stock worth $528,134.

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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.

Analyst Recommendations for Hudbay Minerals (TSE:HBM)

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