Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective cut by equities researchers at Eight Capital from C$13.50 to C$13.00 in a note issued to investors on Thursday. Eight Capital’s price objective indicates a potential upside of 38.45% from the company’s current price.
A number of other research analysts have also recently issued reports on HBM. National Bank Financial cut shares of Hudbay Minerals from an “outperform” rating to a “sector perform” rating and set a C$13.00 price objective on the stock. in a research note on Thursday, January 18th. CIBC lifted their price objective on shares of Hudbay Minerals from C$14.00 to C$16.00 in a research note on Monday, January 22nd. BMO Capital Markets lifted their price objective on shares of Hudbay Minerals from C$11.25 to C$12.00 in a research note on Tuesday, January 23rd. CSFB cut their target price on shares of Hudbay Minerals from C$12.00 to C$11.50 in a research report on Thursday, February 8th. Finally, Scotiabank cut their target price on shares of Hudbay Minerals from C$14.50 to C$14.00 and set a “focus stock” rating on the stock in a research report on Thursday, February 22nd. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Hudbay Minerals currently has an average rating of “Buy” and a consensus target price of C$12.95.
Shares of TSE:HBM opened at C$9.39 on Thursday. Hudbay Minerals has a 1 year low of C$6.13 and a 1 year high of C$12.65.
In other Hudbay Minerals news, insider Gmt Capital Corp sold 29,200 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of C$9.29, for a total value of C$271,268.00. Insiders sold 105,500 shares of company stock worth $875,109 in the last 90 days.
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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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