Hudbay Minerals (TSE:HBM – Get Free Report) (NYSE:HBM) had its target price lowered by equities research analysts at Scotiabank from C$17.00 to C$14.50 in a report released on Monday, BayStreet.CA reports. Scotiabank’s price target suggests a potential upside of 34.51% from the company’s current price.
Several other analysts have also commented on HBM. Royal Bank of Canada boosted their price target on Hudbay Minerals from C$11.00 to C$17.00 and gave the company an “outperform” rating in a research note on Wednesday, May 15th. Stifel Canada upgraded shares of Hudbay Minerals to a “strong-buy” rating in a research report on Monday, July 22nd. Jefferies Financial Group upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating and set a C$14.00 price target on the stock in a research report on Wednesday, August 14th. CIBC lifted their price target on shares of Hudbay Minerals from C$14.50 to C$15.50 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Finally, Haywood Securities increased their price objective on shares of Hudbay Minerals from C$13.00 to C$16.00 in a research note on Thursday, May 16th. Thirteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$14.48.
Check Out Our Latest Research Report on HBM
Hudbay Minerals Stock Performance
Insiders Place Their Bets
In other news, Senior Officer Peter Adamek sold 5,874 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of C$13.00, for a total value of C$76,362.00. Company insiders own 0.07% of the company’s stock.
About Hudbay Minerals
Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.
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