Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective trimmed by Haywood Securities from C$9.00 to C$8.00 in a research report sent to investors on Tuesday, BayStreet.CA reports.
Several other equities research analysts have also weighed in on HBM. BMO Capital Markets lowered their target price on shares of Hudbay Minerals from C$10.50 to C$10.00 in a report on Friday, August 2nd. CIBC lowered their target price on shares of Hudbay Minerals from C$9.00 to C$7.00 in a report on Tuesday. Cormark lowered their target price on shares of Hudbay Minerals from C$11.50 to C$9.00 in a report on Tuesday, July 23rd. Royal Bank of Canada lowered their target price on shares of Hudbay Minerals from C$9.00 to C$8.00 in a report on Friday, August 2nd. Finally, Canaccord Genuity upped their target price on shares of Hudbay Minerals from C$9.00 to C$10.50 in a report on Monday, April 15th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of C$8.61.
HBM opened at C$4.50 on Tuesday. The stock has a 50-day moving average price of C$6.46. The company has a current ratio of 2.64, a quick ratio of 2.09 and a debt-to-equity ratio of 49.18. Hudbay Minerals has a twelve month low of C$4.41 and a twelve month high of C$10.42. The company has a market cap of $1.24 billion and a price-to-earnings ratio of 38.46.
In related news, insider Waterton Global Resource Management, Inc. acquired 500,000 shares of the firm’s stock in a transaction on Wednesday, July 10th. The shares were purchased at an average price of C$6.57 per share, with a total value of C$3,284,358.00. Following the acquisition, the insider now directly owns 17,324,844 shares in the company, valued at C$113,801,979.98.
About Hudbay Minerals
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.
See Also: Why do analysts give a neutral rating?
Receive News & Ratings for Hudbay Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudbay Minerals and related companies with MarketBeat.com's FREE daily email newsletter.