Hudbay Minerals Inc (HBM) Trading 4.4% Higher

Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM)’s share price traded up 4.4% during trading on Wednesday . The company traded as high as C$10.35 and last traded at C$10.01. 2,069,368 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 2,137,200 shares. The stock had previously closed at C$9.59.

A number of equities analysts have commented on the company. Barclays PLC lifted their target price on Hudbay Minerals from C$10.00 to C$11.00 in a research note on Wednesday, August 9th. National Bank Financial lifted their target price on Hudbay Minerals from C$11.00 to C$11.50 and gave the company an “outperform” rating in a research note on Tuesday, August 8th. 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 research note on Friday, August 4th. BMO Capital Markets boosted their price objective on Hudbay Minerals from C$10.50 to C$10.75 and gave the stock a “market perform” rating in a research report on Monday, October 2nd. Finally, Eight Capital reiterated a “buy” rating on shares of Hudbay Minerals in a research report on Thursday, August 17th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. Hudbay Minerals currently has a consensus rating of “Buy” and a consensus target price of C$11.78.

In other news, insider Gmt Capital Corp acquired 5,900 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were purchased at an average cost of C$7.60 per share, with a total value of C$44,840.00. Insiders have acquired 57,300 shares of company stock worth $428,831 over the last ninety days.

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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.

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