Analysis: Hudbay Minerals Inc (TSE:HBM) Target Raised Today
In recent note revealed by Raymond James on Friday, 4 December, the firm, Hudbay Minerals Inc (TSE:HBM), had their target cut to $9.00. Analusts at present have a solid “Outperform” rating on the stock.
From a total of 19 analysts covering Hudbay Minerals Inc (TSE:HBM) stock, 17 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 85% of the ratings are positive. The highest target price is $9.71 while the lowest target price is $5.17. The mean of all analyst targets is $7.52 with a 66.56% above today’s ($6.13) stock price. Hudbay Minerals Inc was the topic of 14 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc.
The stock increased 0.82% or $0.05 on December 4, striking $6.13. Approximately shares of stock traded hands. HudBay Minerals Inc. (TSE:HBM) has declined 49.96% since May 4, 2015 and is downtrending. It has underperformed by 48.88% the S&P500.
HudBay Minerals Inc. is a Canada mining company. The company has a market cap of $1.44 billion. The Firm is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal. It currently has negative earnings. The Firm is focused on the discovery, production and marketing of base and precious metals in North and South America.
According to Zacks Investment Research, “HudBay Minerals Inc. is a mining company and engages in discovery, production and marketing of base metals in North and Central America. It owns zinc and copper mines, concentrators and metal production facilities in northern Manitoba and Saskatchewan, zinc oxide production facility in Ontario, copper refinery in Michigan and nickel project in Guatemala. In addition to its primary products, zinc and copper, HudBay also produces gold, silver and zinc oxide. HudBay Minerals Inc. is headquartered in Toronto, Canada.” Get a free copy of the Zacks research report on HudBay Minerals Inc. (HBM).