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

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

A number of other equities analysts have also weighed in on HBM. CSFB lowered their price objective on Hudbay Minerals from C$11.50 to C$8.75 in a research note on Tuesday, August 6th. TD Securities lowered their price objective on Hudbay Minerals from C$10.50 to C$7.50 and set a buy rating on the stock in a research note on Friday, August 2nd. CIBC lowered their price objective on Hudbay Minerals from C$9.00 to C$7.00 in a research note on Tuesday, August 6th. Cormark lowered their price objective on Hudbay Minerals from C$11.50 to C$9.00 in a research note on Tuesday, July 23rd. Finally, Canaccord Genuity lowered their price objective on Hudbay Minerals from C$9.00 to C$7.00 in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of C$7.98.

TSE HBM opened at C$4.39 on Monday. The stock’s fifty day moving average is C$6.13 and its two-hundred day moving average is C$7.72. The firm has a market capitalization of $1.18 billion and a P/E ratio of -23.73. The company has a debt-to-equity ratio of 49.69, a quick ratio of 1.78 and a current ratio of 2.31. Hudbay Minerals has a fifty-two week low of C$4.19 and a fifty-two week high of C$10.42.

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

In other Hudbay Minerals news, insider Waterton Global Resource Management, Inc. purchased 500,000 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The shares were acquired at an average price of C$6.57 per share, with a total value of C$3,284,358.00. Following the purchase, the insider now directly owns 17,324,844 shares in the company, 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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