Hudbay Minerals Inc (HBM) Given Average Rating of “Buy” by Analysts

Shares of Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) have earned an average rating of “Buy” from the eleven ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$10.72.

HBM has been the topic of a number of research analyst reports. TD Securities reduced their price objective on shares of Hudbay Minerals from C$13.50 to C$13.00 and set an “action list buy” rating on the stock in a research report on Friday, August 4th. Royal Bank Of Canada reduced their price objective on shares of Hudbay Minerals from C$13.00 to C$12.00 and set an “outperform” rating on the stock in a research report on Monday, May 8th. Barclays PLC reduced their price objective on shares of Hudbay Minerals from C$11.00 to C$10.00 in a research report on Friday, May 19th. Scotiabank reissued a “focus stock” rating and set a C$11.00 price objective on shares of Hudbay Minerals in a research report on Friday, August 4th. Finally, National Bank Financial boosted their price objective on shares of Hudbay Minerals from C$10.25 to C$11.00 and gave the company an “outperform” rating in a research report on Monday, July 24th.

Hudbay Minerals (TSE:HBM) opened at 8.99 on Friday. Hudbay Minerals has a 52 week low of $4.74 and a 52 week high of $11.95. The company’s 50-day moving average is $8.51 and its 200 day moving average is $8.72. The company has a market capitalization of $2.13 billion and a price-to-earnings ratio of 224.75.

The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, September 7th.

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In other Hudbay Minerals news, insider Gmt Capital Corp bought 9,000 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was acquired at an average cost of C$5.31 per share, for a total transaction of C$47,790.00. Over the last quarter, insiders have bought 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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