Raymond James reissued their market perform rating on shares of Hudbay Minerals (TSE:HBM) (NYSE:HBM) in a research report report published on Wednesday morning, BayStreet.CA reports. They currently have a C$6.50 target price on the mining company’s stock.
Other equities analysts also recently issued research reports about the company. BMO Capital Markets cut their target price on Hudbay Minerals from C$10.00 to C$8.50 in a research report on Thursday, September 26th. Royal Bank of Canada cut their price objective on Hudbay Minerals from C$9.00 to C$8.00 in a research report on Friday, August 2nd. Eight Capital cut their price objective on Hudbay Minerals from C$11.00 to C$9.00 in a research report on Friday, August 2nd. Canaccord Genuity cut their price objective on Hudbay Minerals from C$9.00 to C$7.00 in a research report on Monday, August 12th. Finally, Cormark cut their price objective on Hudbay Minerals from C$11.50 to C$9.00 in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of C$7.10.
Shares of TSE HBM traded down C$0.05 during trading hours on Wednesday, hitting C$4.44. 866,817 shares of the company traded hands, compared to its average volume of 1,246,262. The stock has a market capitalization of $1.18 billion and a price-to-earnings ratio of -24.00. The company has a current ratio of 2.31, a quick ratio of 1.78 and a debt-to-equity ratio of 49.69. The company’s 50 day moving average price is C$4.74 and its 200 day moving average price is C$5.81. Hudbay Minerals has a 12 month low of C$3.98 and a 12 month high of C$10.42.
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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