HudBay Minerals Inc. (TSE:HBM) had its price objective reduced by analysts at Raymond James Financial Inc. from C$8.25 to C$8.00 in a research note issued on Thursday. Raymond James Financial Inc.’s price objective would suggest a potential upside of 59.68% from the company’s previous close.
Several other research analysts have also weighed in on the stock. BMO Capital Markets reduced their price objective on shares of HudBay Minerals from C$7.50 to C$6.50 and set an “outperform” rating on the stock in a research note on Thursday, September 29th. Scotiabank cut their price target on shares of HudBay Minerals from C$8.00 to C$7.50 and set an “outperform” rating on the stock in a research note on Monday, September 19th. Barclays PLC lifted their price target on shares of HudBay Minerals from C$4.00 to C$5.00 in a research note on Monday, August 8th. TD Securities reaffirmed a “hold” rating and issued a C$7.50 price target on shares of HudBay Minerals in a research note on Thursday, August 4th. Finally, Royal Bank Of Canada lifted their price target on shares of HudBay Minerals from C$7.50 to C$8.00 and gave the company an “outperform” rating in a research note on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of C$7.88.
HudBay Minerals (TSE:HBM) opened at 5.01 on Thursday. The firm’s market cap is $1.18 billion. The stock’s 50 day moving average is $5.12 and its 200 day moving average is $5.58. HudBay Minerals has a 52 week low of $2.26 and a 52 week high of $7.25.
The company also recently announced a dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 30th were issued a dividend of $0.01 per share. The ex-dividend date was Wednesday, September 7th. This represents a yield of 0.18%.
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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