HudBay Minerals Inc. (HBM) Price Target Cut to C$7.50
HudBay Minerals Inc. (TSE:HBM) had its target price lowered by analysts at Scotiabank from C$8.00 to C$7.50 in a research report issued to clients and investors on Monday. The brokerage presently has an “outperform” rating on the mining company’s stock. Scotiabank’s price target would suggest a potential upside of 54.00% from the stock’s previous close.
HBM has been the subject of a number of other research reports. BMO Capital Markets reaffirmed a “market perform” rating on shares of HudBay Minerals in a report on Tuesday, August 2nd. National Bank Financial lifted their target price on HudBay Minerals from C$5.75 to C$8.75 in a report on Monday, July 18th. CIBC lifted their target price on HudBay Minerals from C$6.50 to C$7.50 in a report on Thursday, July 28th. Barclays PLC reaffirmed an “underweight” rating on shares of HudBay Minerals in a report on Tuesday, August 2nd. Finally, Royal Bank Of Canada lifted their target price on HudBay Minerals from C$7.50 to C$8.00 and gave the stock an “outperform” rating in a report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of C$8.72.
HudBay Minerals (TSE:HBM) opened at 4.87 on Monday. The firm’s 50-day moving average is $5.68 and its 200 day moving average is $5.60. HudBay Minerals has a 1-year low of $2.26 and a 1-year high of $7.85. The company’s market cap is $1.15 billion.
The company also recently declared a dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 30th will be given a dividend of $0.01 per share. This represents a dividend yield of 0.18%. The ex-dividend date of this dividend is Wednesday, September 7th.
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.
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