Hudbay Minerals (HBM) Price Target Increased to C$16.00 by Analysts at CIBC

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective hoisted by CIBC from C$14.00 to C$16.00 in a research report sent to investors on Monday.

HBM has been the topic of a number of other research reports. National Bank Financial lowered shares of Hudbay Minerals from an outperform rating to a sector perform rating and increased their price objective for the stock from C$11.25 to C$13.00 in a report on Wednesday, October 18th. Scotiabank reissued a focus stock rating and set a C$12.50 price objective on shares of Hudbay Minerals in a report on Thursday, November 2nd. BMO Capital Markets increased their price objective on shares of Hudbay Minerals from C$10.50 to C$10.75 and gave the stock a market perform rating in a report on Monday, October 2nd. Eight Capital increased their price objective on shares of Hudbay Minerals from C$13.25 to C$13.75 in a report on Friday. Finally, TD Securities decreased their price objective on shares of Hudbay Minerals from C$13.00 to C$12.50 and set an action list buy rating on the stock in a report on Monday, October 2nd. Four analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. Hudbay Minerals presently has a consensus rating of Buy and an average price target of C$12.50.

Shares of Hudbay Minerals (TSE:HBM) traded down C$0.11 during trading hours on Monday, reaching C$11.64. 1,310,500 shares of the company’s stock were exchanged, compared to its average volume of 1,679,560. Hudbay Minerals has a 12-month low of C$6.13 and a 12-month high of C$12.65. The company has a market cap of $3,040.00, a price-to-earnings ratio of 129.33 and a beta of 2.78.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings data on Wednesday, November 1st. The mining company reported C$0.27 EPS for the quarter, topping analysts’ consensus estimates of C$0.25 by C$0.02. Hudbay Minerals had a net margin of 11.05% and a return on equity of 8.55%.

In other Hudbay Minerals news, insider Gmt Capital Corp bought 6,700 shares of the business’s stock in a transaction on Monday, November 20th. The shares were bought at an average cost of C$7.68 per share, for a total transaction of C$51,456.00.

COPYRIGHT VIOLATION WARNING: This news story was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of international copyright laws. The legal version of this news story can be read at https://www.com-unik.info/2018/01/23/hudbay-minerals-hbm-price-target-increased-to-c16-00-by-analysts-at-cibc.html.

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.

Analyst Recommendations for Hudbay Minerals (TSE:HBM)

Receive News & Ratings for Hudbay Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudbay Minerals and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit