Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target upped by CSFB from C$10.50 to C$12.50 in a research note issued on Friday, March 29th, BayStreet.CA reports. CSFB’s price objective would indicate a potential upside of 28.73% from the stock’s previous close.
Several other equities research analysts have also recently commented on HBM. Eight Capital boosted their target price on Hudbay Minerals from C$10.00 to C$11.00 in a report on Monday, March 11th. BMO Capital Markets upped their price target on Hudbay Minerals from C$10.50 to C$11.00 and gave the company an “outperform” rating in a report on Tuesday, March 12th. TD Securities upped their price target on Hudbay Minerals from C$10.50 to C$12.00 and gave the company a “buy” rating in a report on Monday, March 11th. Raymond James cut Hudbay Minerals from an “outperform” rating to a “market perform” rating and set a C$9.00 price target on the stock. in a report on Thursday, February 21st. Finally, CIBC upped their price target on Hudbay Minerals from C$8.00 to C$9.50 in a report on Monday, February 25th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$11.13.
Shares of TSE HBM traded down C$0.40 during midday trading on Friday, hitting C$9.71. 1,106,600 shares of the company’s stock were exchanged, compared to its average volume of 1,393,126. The company has a current ratio of 2.36, a quick ratio of 1.94 and a debt-to-equity ratio of 48.43. The company has a market cap of $2.54 billion and a PE ratio of 29.69. Hudbay Minerals has a twelve month low of C$4.51 and a twelve month high of C$10.42.
About Hudbay Minerals
Hudbay Minerals Inc, an integrated mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; and zinc metal. The company owns three polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and copper projects in Arizona and Nevada, the United States.
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