Barclays PLC Raises Hudbay Minerals Inc (HBM) Price Target to C$11.00

Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) had its target price raised by Barclays PLC from C$10.00 to C$11.00 in a research report report published on Wednesday.

A number of other brokerages have also recently issued reports on HBM. Scotiabank reiterated a focus stock rating and set a C$11.00 target price on shares of Hudbay Minerals in a report on Friday, August 4th. TD Securities decreased their target price on Hudbay Minerals from C$13.50 to C$13.00 and set an action list buy rating for the company in a report on Friday, August 4th. National Bank Financial boosted their target price on Hudbay Minerals from C$11.00 to C$11.50 and gave the stock an outperform rating in a report on Tuesday. CSFB initiated coverage on Hudbay Minerals in a report on Thursday, April 13th. They set a neutral rating for the company. Finally, Royal Bank Of Canada restated an outperform rating and issued a C$13.00 price target on shares of Hudbay Minerals in a report on Friday, April 21st. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. Hudbay Minerals currently has a consensus rating of Buy and a consensus target price of C$10.72.

Shares of Hudbay Minerals (HBM) opened at 8.99 on Wednesday. Hudbay Minerals has a one year low of $4.74 and a one year high of $11.95. The firm has a market cap of $2.13 billion and a PE ratio of 224.75. The company has a 50-day moving average of $8.51 and a 200 day moving average of $8.72.

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The business also recently declared a Semi-Annual dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be issued a $0.01 dividend. The ex-dividend date is Thursday, September 7th.

In related news, insider Gmt Capital Corp purchased 9,000 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was purchased at an average price of C$5.31 per share, for a total transaction of C$47,790.00. In the last 90 days, insiders acquired 73,200 shares of company stock valued at $407,374.

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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