Hudbay Minerals Stock (HBM:TSX) Analysis:
Last Closing Price: C$ 7.20
Consensus Analyst Rating: Strong Buy
12-Month Price Target: C$ 8.44
Market CAP: C$ 1.92 Billion
15 research analysts have rated Hudbay Minerals Inc. (HBM:TSX) with a consensus rating of “Strong Buy,” The average price target for the next 12 months among analysts who have rated the Hudbay Minerals stock in the past year is C$9.25.
Hudbay Minerals Stock-Analyst Ratings:
National Bankshares decreased HBM stock price target from C$7.75 to C$7.50.
Scotiabank confirmed its “Sector Outperform” recommendation on shares of Hudbay Minerals.
Barclays lowered its rating on shares of Hudbay Minerals from “Overweight” to “Equal Weight”
TD Securities decreased HBM stock price target from C$9.00 to C$8.00 and set a “Buy”.
Credit Suisse Group lifted their price objective on shares of Hudbay Minerals stock to C$8.50.
In other Hudbay Minerals news, on Thursday, December 8th, Waterton Global Resource Management, Inc. sold 3,000,000 shares of the company’s stock.
At an average price of C$7.25, the shares were sold for a total of C$21,750,480.00. Following the sale, the insider now owns 18,927,643 shares of company stock worth approximately C$137,228,440.17.
Hudbay Minerals Stock Price Up 1.4%
On Wednesday, Hudbay Minerals stock began trading at C$7.20. The stock’s market capitalization is $1.89 billion, and its P/E ratio is 18.46.
The ratios of the corporation are 0.85 for the quick ratio, 1.24 for the current ratio, and 79.51 for the debt-to-equity ratio.
The 52-week low for Hudbay Minerals is C$4.07 and the 52-week high is C$11.17. The company’s 50-day simple moving average is $6.46 and its 200-day simple moving average is $5.90.
About HudBay Minerals Inc (HBM:CA:TSX):
Hudbay Minerals Inc., a diversified 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; silver/gold doré; molybdenum concentrates; and zinc metals.
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.
HudBay Minerals Inc. was founded in 1927 and is headquartered in Toronto, Canada.