HudBay Minerals Inc. (TSE:HBM) had its price objective cut by Scotiabank from C$8.00 to C$7.50 in a research note issued to investors on Monday morning. They currently have an outperform rating on the mining company’s stock.
A number of other research firms have also weighed in on HBM. National Bank Financial increased their price target on HudBay Minerals from C$5.75 to C$8.75 in a research report on Monday, July 18th. CSFB lowered HudBay Minerals from an outperform rating to a neutral rating in a research report on Thursday, July 28th. CIBC increased their price target on HudBay Minerals from C$6.50 to C$7.50 in a research report on Thursday, July 28th. BMO Capital Markets reiterated a market perform rating on shares of HudBay Minerals in a research report on Tuesday, August 2nd. Finally, Barclays PLC reiterated an underweight rating on shares of HudBay Minerals in a research report on Tuesday, August 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of C$8.21.
Shares of HudBay Minerals (TSE:HBM) opened at 4.84 on Monday. The stock’s 50 day moving average price is $5.64 and its 200-day moving average price is $5.59. The stock’s market cap is $1.14 billion. HudBay Minerals has a one year low of $2.26 and a one year high of $7.85.
The business also recently disclosed a dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 30th will be paid a $0.01 dividend. This represents a dividend yield of 0.18%. The ex-dividend date of this dividend is 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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