Raymond James Financial Inc. Cuts HudBay Minerals Inc. (HBM) Price Target to C$8.00

HudBay Minerals Inc. (TSE:HBM) had its price target lowered by Raymond James Financial Inc. from C$8.25 to C$8.00 in a report published on Thursday.

Several other analysts have also recently weighed in on HBM. National Bank Financial lifted their price target on shares of HudBay Minerals from C$5.75 to C$8.75 in a report on Monday, July 18th. Canaccord Genuity lifted their price target on shares of HudBay Minerals from C$6.00 to C$7.00 in a report on Monday, July 25th. CIBC raised their price objective on HudBay Minerals from C$6.50 to C$7.50 in a research report on Thursday, July 28th. CSFB lowered HudBay Minerals from an outperform rating to a neutral rating in a research report on Thursday, July 28th. Finally, Scotiabank reissued an outperform rating and set a C$8.00 price objective on shares of HudBay Minerals in a research report on Thursday, July 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of C$7.88.

HudBay Minerals (TSE:HBM) opened at 5.40 on Thursday. HudBay Minerals has a 52-week low of $2.26 and a 52-week high of $7.25. The company’s 50-day moving average is $5.09 and its 200 day moving average is $5.60. The company’s market cap is $1.28 billion.

The firm also recently announced a dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 30th were given a $0.01 dividend. 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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