Shares of Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) have been given an average recommendation of "Buy" by the eleven analysts that are covering the stock, Marketbeat reports. Hudbay Minerals now has a consensus rating of "Hold" and a consensus target price of $10.50. Hudbay Minerals Inc had 62 analyst reports since July 22, 2015 according to SRatingsIntel. Finally, BMO Capital Markets raised their target price on shares of Hudbay Minerals from $10.50 to $10.75 and gave the stock a market perform rating in a research note on Monday, October 2nd. Three investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. CIBC reiterated an "outperform" rating and set a C$13.00 price objective on shares of Hudbay Minerals in a research note on Tuesday, October 10th.
Hudbay Minerals (NYSE HBM) traded down $0.40 during midday trading on Monday, hitting $9.00. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. Hudbay Minerals has a one year low of $4.60 and a one year high of $9.55. The company has market cap of $3.03 billion. Systematic Financial Management LP boosted its stake in Hudbay Minerals by 15.5% in the second quarter. Systematic Financial Management LP now owns 583,635 shares of the mining company's stock worth $3,356,000 after purchasing an additional 78,395 shares in the last quarter. The Manufacturers Life Insurance Company now owns 2,884,880 shares of the mining company's stock worth $16,655,000 after purchasing an additional 83,094 shares in the last quarter. AXA boosted its stake in Hudbay Minerals by 109.2% in the second quarter. Letko Brosseau & Associates Inc. now owns 27,363,164 shares of the mining company's stock valued at $158,022,000 after acquiring an additional 1,469,514 shares during the last quarter. Barclays Capital downgraded Hudbay Minerals Inc. Below is a list of Hudbay Minerals Inc.
More important recent Hudbay Minerals Inc. Hedge funds and other institutional investors own 64.03% of the company's stock.
COPYRIGHT VIOLATION NOTICE: This news story was published by BBNS and is the property of of BBNS. If you are accessing this report on another website, it was copied illegally and republished in violation of global trademark and copyright legislation. The original version of this piece can be viewed at https://www.truebluetribune.com/2018/01/09/hudbay-minerals-inc-hbm-given-consensus-recommendation-of-buy-by-brokerages.html. The stock has "Hold" rating by Canaccord Genuity on Thursday, August 6.
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.