Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price dropped by stock analysts at BMO Capital Markets from C$11.00 to C$10.75 in a report released on Wednesday, BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 46.46% from the stock’s current price.
Several other brokerages have also recently commented on HBM. Royal Bank of Canada reiterated a “sector perform” rating and issued a C$9.00 price target (down from C$10.00) on shares of Hudbay Minerals in a research report on Tuesday. TD Securities boosted their price target on shares of Hudbay Minerals from C$10.50 to C$12.00 and gave the stock a “buy” rating in a research report on Monday, March 11th. CSFB raised Hudbay Minerals from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from C$9.00 to C$10.50 in a research note on Monday, March 11th. Canaccord Genuity lifted their price target on Hudbay Minerals from C$9.00 to C$10.50 in a research note on Monday, April 15th. Finally, Raymond James lifted their price target on Hudbay Minerals from C$9.00 to C$10.50 in a research note on Monday, April 8th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Hudbay Minerals currently has an average rating of “Hold” and a consensus price target of C$10.72.
Shares of Hudbay Minerals stock opened at C$7.34 on Wednesday. The company has a current ratio of 2.36, a quick ratio of 1.94 and a debt-to-equity ratio of 48.43. Hudbay Minerals has a 52 week low of C$4.51 and a 52 week high of C$10.42. The stock has a market capitalization of $2.00 billion and a price-to-earnings ratio of 22.45.
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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