Hudbay Minerals Inc. (HBM) Receives Average Rating of “Buy” from Analysts
Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have been assigned a consensus rating of “Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$12.09.
Several equities research analysts have recently commented on the company. Eight Capital reissued a “buy” rating on shares of Hudbay Minerals in a research note on Thursday, August 17th. National Bank Financial cut Hudbay Minerals from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from C$11.25 to C$13.00 in a research note on Wednesday, October 18th. CIBC reissued an “outperform” rating and issued a C$13.00 target price on shares of Hudbay Minerals in a research note on Tuesday, October 10th. Barclays PLC lifted their target price on Hudbay Minerals from C$10.00 to C$11.00 in a research note on Wednesday, August 9th. Finally, Scotiabank reissued a “focus stock” rating and issued a C$11.00 target price on shares of Hudbay Minerals in a research note on Friday, August 4th.
In related news, insider Gmt Capital Corp purchased 5,900 shares of Hudbay Minerals stock in a transaction dated Monday, September 18th. The shares were acquired at an average cost of C$7.60 per share, for a total transaction of C$44,840.00. Insiders bought a total of 45,500 shares of company stock worth $342,809 over the last 90 days.
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Shares of Hudbay Minerals (HBM) opened at C$9.81 on Monday. Hudbay Minerals has a twelve month low of C$6.13 and a twelve month high of C$11.95.
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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