Raymond James Lowers Hudbay Minerals (TSE:HBM) Price Target to C$7.50

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price reduced by Raymond James from C$8.00 to C$7.50 in a research report report published on Monday morning, BayStreet.CA reports. They currently have a market perform rating on the mining company’s stock.

A number of other equities research analysts also recently commented on HBM. Royal Bank of Canada decreased their target price on Hudbay Minerals from C$9.00 to C$8.00 in a report on Friday, August 2nd. BMO Capital Markets decreased their price target on Hudbay Minerals from C$10.50 to C$10.00 in a report on Friday, August 2nd. Eight Capital decreased their price target on Hudbay Minerals from C$11.00 to C$9.00 in a report on Friday, August 2nd. TD Securities decreased their price target on Hudbay Minerals from C$10.50 to C$7.50 and set a buy rating for the company in a report on Friday, August 2nd. Finally, Cormark decreased their price target on Hudbay Minerals from C$11.50 to C$9.00 in a report on Tuesday, July 23rd. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of C$7.98.

Hudbay Minerals stock opened at C$4.39 on Monday. The company has a quick ratio of 1.78, a current ratio of 2.31 and a debt-to-equity ratio of 49.69. Hudbay Minerals has a 52 week low of C$4.19 and a 52 week high of C$10.42. The company has a market capitalization of $1.18 billion and a price-to-earnings ratio of -23.73. The stock has a 50-day moving average price of C$6.13 and a 200 day moving average price of C$7.72.

The business also recently declared a Semi-Annual dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, September 5th. Hudbay Minerals’s payout ratio is presently -8.27%.

In related news, insider Waterton Global Resource Management, Inc. purchased 500,000 shares of the firm’s stock in a transaction on Wednesday, July 10th. The stock was bought at an average cost of C$6.57 per share, with a total value of C$3,284,358.00. Following the completion of the acquisition, the insider now owns 17,324,844 shares of the company’s stock, valued at approximately C$113,801,979.98.

Hudbay Minerals Company Profile

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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Analyst Recommendations for Hudbay Minerals (TSE:HBM)

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