National Bank Financial Raises Hudbay Minerals Inc (HBM) Price Target to C$11.50

Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) had its price target lifted by National Bank Financial from C$11.00 to C$11.50 in a research note released on Tuesday, August 8th. They currently have an outperform rating on the mining company’s stock.

HBM has been the topic of several other research reports. CSFB started coverage on shares of Hudbay Minerals in a report on Thursday, April 13th. They issued a neutral rating on the stock. Scotiabank restated a focus stock rating and issued a C$11.00 target price on shares of Hudbay Minerals in a report on Friday, August 4th. Royal Bank Of Canada dropped their target price on shares of Hudbay Minerals from C$13.00 to C$12.00 and set an outperform rating on the stock in a report on Monday, May 15th. BMO Capital Markets dropped their target price on shares of Hudbay Minerals from C$12.50 to C$11.00 in a report on Monday, April 10th. Finally, TD Securities reiterated a buy rating and set a C$13.50 price objective on shares of Hudbay Minerals in a report on Thursday, May 4th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. Hudbay Minerals currently has an average rating of Buy and an average price target of C$10.72.

Shares of Hudbay Minerals (HBM) opened at 9.96 on Tuesday. Hudbay Minerals has a 12 month low of $4.74 and a 12 month high of $11.95. The firm has a 50 day moving average price of $8.86 and a 200-day moving average price of $8.69. The firm has a market cap of $2.36 billion and a PE ratio of 249.00.

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

In other Hudbay Minerals news, insider Gmt Capital Corp bought 11,800 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were bought at an average price of C$7.29 per share, for a total transaction of C$86,022.00. Insiders purchased a total of 77,800 shares of company stock worth $453,076 in the last 90 days.

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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