Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) had its price objective raised by investment analysts at CIBC from C$13.00 to C$14.00 in a research report issued to clients and investors on Friday, November 3rd. CIBC’s price target points to a potential upside of 38.34% from the company’s current price.
HBM has been the subject of several other reports. Barclays PLC lifted their target price on shares of Hudbay Minerals from C$10.00 to C$11.00 in a report on Wednesday, August 9th. Eight Capital reiterated a “buy” rating on shares of Hudbay Minerals in a research note on Thursday, August 17th. National Bank Financial lowered shares of Hudbay Minerals from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from C$11.25 to C$13.00 in a research note on Wednesday, October 18th. TD Securities reduced their price target on shares of 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. Finally, BMO Capital Markets boosted their target price on shares of Hudbay Minerals from C$10.50 to C$10.75 and gave the company a “market perform” rating in a research report on Monday, October 2nd. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. Hudbay Minerals has an average rating of “Buy” and a consensus target price of C$12.09.
Hudbay Minerals (HBM) opened at C$10.12 on Friday. Hudbay Minerals has a 12-month low of C$6.13 and a 12-month high of C$11.95.
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In other Hudbay Minerals news, insider Gmt Capital Corp bought 21,900 shares of the company’s stock in a transaction on Friday, September 15th. The shares were bought at an average cost of C$7.52 per share, for a total transaction of C$164,688.00. Over the last quarter, insiders have acquired 45,500 shares of company stock worth $342,809.
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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