Eight Capital Increases Hudbay Minerals (HBM) Price Target to C$13.75
Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective hoisted by equities researchers at Eight Capital from C$13.25 to C$13.75 in a note issued to investors on Friday. Eight Capital’s target price points to a potential upside of 17.02% from the company’s current price.
HBM has been the subject of several other reports. CIBC raised their price objective 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 raised their price objective for the stock from C$11.25 to C$13.00 in a research note on Wednesday, October 18th. TD Securities reduced their price objective on Hudbay Minerals from C$13.00 to C$12.50 and set an “action list buy” rating for the company in a research note on Monday, October 2nd. BMO Capital Markets raised their price objective on Hudbay Minerals from C$10.50 to C$10.75 and gave the stock a “market perform” rating in a research note on Monday, October 2nd. Finally, Scotiabank reissued a “focus stock” rating and set a C$12.50 price objective on shares of Hudbay Minerals in a research note on Thursday, November 2nd. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$12.28.
Shares of Hudbay Minerals (HBM) opened at C$11.75 on Friday. The firm has a market capitalization of $3,070.00, a price-to-earnings ratio of 130.56 and a beta of 2.78. Hudbay Minerals has a one year low of C$6.13 and a one year high of C$12.65.
In other Hudbay Minerals news, insider Gmt Capital Corp bought 6,700 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was acquired at an average price of C$7.68 per share, with a total value of C$51,456.00.
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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