Eight Capital Raises Hudbay Minerals (HBM) Price Target to C$13.75

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target upped by investment analysts 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 19.88% from the company’s current price.

Several other research firms also recently commented on HBM. National Bank Financial reissued an “outperform” rating and issued a C$11.25 target price on shares of Hudbay Minerals in a report on Friday, September 29th. TD Securities lowered their target price on shares of Hudbay Minerals from C$13.00 to C$12.50 and set an “action list buy” rating on the stock in a report on Monday, October 2nd. BMO Capital Markets boosted their target price on shares of Hudbay Minerals from C$10.50 to C$10.75 and gave the stock a “market perform” rating in a report on Monday, October 2nd. CIBC reissued an “outperform” rating and issued a C$13.00 target price on shares of Hudbay Minerals in a report on Tuesday, October 10th. Finally, Scotiabank reissued a “focus stock” rating and issued a C$12.50 target price on shares of Hudbay Minerals in a report on Thursday, November 2nd. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of C$12.28.

Shares of Hudbay Minerals (TSE:HBM) traded down C$1.03 during trading hours on Friday, reaching C$11.47. 4,102,742 shares of the company’s stock traded hands, compared to its average volume of 1,730,506. Hudbay Minerals has a twelve month low of C$6.13 and a twelve month high of C$12.65. The stock has a market capitalization of $3,030.00, a P/E ratio of 127.44 and a beta of 2.78.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings results on Wednesday, November 1st. The mining company reported C$0.27 earnings per share for the quarter, beating the consensus estimate of C$0.25 by C$0.02. Hudbay Minerals had a net margin of 11.05% and a return on equity of 8.55%.

In other Hudbay Minerals news, insider Gmt Capital Corp purchased 6,700 shares of Hudbay Minerals stock in a transaction that occurred on Monday, November 20th. The shares were bought at an average price of C$7.68 per share, for a total transaction of C$51,456.00.

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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.

Analyst Recommendations for Hudbay Minerals (TSE:HBM)

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