Hudbay Minerals Inc (HBM) Lifted to “Buy” at ValuEngine

Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, May 11th.

Several other equities research analysts have also recently issued reports on HBM. National Bank Financial raised shares of Hudbay Minerals from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$10.00 to C$13.00 in a research note on Friday, January 13th. Royal Bank of Canada reiterated an “outperform” rating and set a C$12.00 price target on shares of Hudbay Minerals in a report on Wednesday, January 18th. Scotiabank lifted their price target on Hudbay Minerals from C$12.00 to C$12.25 and gave the stock a “focus stock” rating in a report on Wednesday, January 18th. TD Securities reduced their price target on Hudbay Minerals from C$13.50 to C$13.00 and set a “buy” rating on the stock in a report on Wednesday, January 18th. Finally, Barclays PLC lifted their price target on Hudbay Minerals from C$9.00 to C$10.00 and gave the stock an “equal weight” rating in a report on Monday, January 23rd. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$10.94.

Analyst Recommendations for Hudbay Minerals (TSE:HBM)

Shares of Hudbay Minerals (HBM) opened at 6.40 on Thursday. The stock’s market cap is $1.52 billion. Hudbay Minerals has a 52-week low of $4.74 and a 52-week high of $11.95. The stock’s 50 day moving average is $7.30 and its 200 day moving average is $8.83.

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In other news, insider Gmt Capital Corp bought 23,400 shares of the company’s stock in a transaction on Monday, May 1st. The stock was bought at an average cost of C$6.07 per share, with a total value of C$142,038.00. Over the last ninety days, insiders acquired 120,700 shares of company stock valued at $667,748.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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