HudBay Minerals Inc. (TSE:HBM) had its target price lowered by BMO Capital Markets from C$7.50 to C$6.50 in a research report released on Thursday. The firm currently has an outperform rating on the mining company’s stock.
Several other research firms have also recently commented on HBM. Canaccord Genuity raised their price target on shares of HudBay Minerals from C$6.00 to C$7.00 in a report on Monday, July 25th. Scotiabank reaffirmed an outperform rating and set a C$8.00 price objective on shares of HudBay Minerals in a research report on Thursday, July 28th. Barclays PLC raised their price objective on shares of HudBay Minerals from C$4.00 to C$5.00 in a research report on Monday, August 8th. TD Securities reaffirmed a hold rating and set a C$7.50 price objective on shares of HudBay Minerals in a research report on Thursday, August 4th. Finally, National Bank Financial raised their price objective on shares of HudBay Minerals from C$5.75 to C$8.75 in a research report on Monday, July 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of C$7.87.
HudBay Minerals (TSE:HBM) opened at 5.23 on Thursday. HudBay Minerals has a 1-year low of $2.26 and a 1-year high of $7.85. The firm’s 50-day moving average is $5.36 and its 200-day moving average is $5.59. The company’s market capitalization is $1.24 billion.
The business also recently announced a dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 30th were given a dividend of $0.01 per share. This represents a yield of 0.18%. The ex-dividend date of this dividend was Wednesday, September 7th.
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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