Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price decreased by research analysts at BMO Capital Markets from C$10.50 to C$10.00 in a research report issued on Friday, BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 105.76% from the company’s previous close.
A number of other analysts also recently commented on the stock. CIBC dropped their target price on shares of Hudbay Minerals from C$10.50 to C$9.00 in a report on Thursday, May 9th. Raymond James set a C$10.50 target price on shares of Hudbay Minerals and gave the stock a “market perform” rating in a report on Wednesday, May 8th. Canaccord Genuity boosted their target price on shares of Hudbay Minerals from C$9.00 to C$10.50 in a report on Monday, April 15th. Cormark dropped their target price on shares of Hudbay Minerals from C$11.50 to C$9.00 in a report on Tuesday, July 23rd. Finally, Royal Bank of Canada dropped their target price on shares of Hudbay Minerals from C$9.00 to C$8.00 in a report on Friday. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of C$9.14.
Shares of TSE:HBM traded down C$0.18 during trading on Friday, reaching C$4.86. The company had a trading volume of 1,316,269 shares, compared to its average volume of 1,264,102. The business’s fifty day moving average is C$6.82. The firm has a market cap of $1.69 billion and a price-to-earnings ratio of 41.54. Hudbay Minerals has a twelve month low of C$4.51 and a twelve month high of C$10.42. The company has a debt-to-equity ratio of 49.18, a current ratio of 2.64 and a quick ratio of 2.09.
Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its earnings results on Monday, May 6th. The mining company reported C$0.04 EPS for the quarter, topping analysts’ consensus estimates of C$0.01 by C$0.03. The business had revenue of C$388.58 million during the quarter, compared to the consensus estimate of C$423.44 million. On average, research analysts forecast that Hudbay Minerals will post 0.2 EPS for the current year.
In other Hudbay Minerals news, insider Waterton Global Resource Management, Inc. bought 500,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The shares were acquired at an average cost of C$6.57 per share, for a total transaction of C$3,284,358.00. Following the acquisition, the insider now directly owns 17,324,844 shares of the company’s stock, valued at C$113,801,979.98.
Hudbay Minerals Company Profile
Hudbay Minerals Inc, an integrated mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; and zinc metal. The company owns three polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and copper projects in Arizona and Nevada, the United States.
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