Raymond James Financial Inc. Cuts HudBay Minerals Inc. (HBM) Price Target to C$8.00
HudBay Minerals Inc. (TSE:HBM) had its target price reduced by Raymond James Financial Inc. from C$8.25 to C$8.00 in a note issued to investors on Thursday. Raymond James Financial Inc.’s price objective indicates a potential upside of 57.79% from the company’s current price.
HBM has been the subject of several other reports. CSFB lowered shares of HudBay Minerals from an “outperform” rating to a “neutral” rating in a research report on Thursday, July 28th. CIBC lifted their price target on shares of HudBay Minerals from C$6.50 to C$7.50 in a research note on Thursday, July 28th. Royal Bank Of Canada lifted their price target on shares of HudBay Minerals from C$7.50 to C$8.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 3rd. Barclays PLC reissued an “underweight” rating on shares of HudBay Minerals in a research note on Tuesday, August 2nd. Finally, Scotiabank decreased their price target on shares of HudBay Minerals from C$8.00 to C$7.50 and set an “outperform” rating on the stock in a research note on Monday, September 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of C$7.88.
HudBay Minerals (TSE:HBM) traded down 0.39% during trading on Thursday, hitting $5.05. The stock had a trading volume of 1,109,095 shares. The company’s market cap is $1.19 billion. The stock has a 50-day moving average price of $5.16 and a 200-day moving average price of $5.58. HudBay Minerals has a 52 week low of $2.26 and a 52 week high of $7.42.
The business also recently disclosed a dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 30th were given a dividend of $0.01 per share. This represents a yield of 0.18%. The ex-dividend date was Wednesday, September 7th.
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.
Receive News & Ratings for HudBay Minerals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HudBay Minerals Inc. and related companies with MarketBeat.com's FREE daily email newsletter.