Hudbay Minerals (TSE:HBM – Get Free Report) (NYSE:HBM) had its price target dropped by Scotiabank from C$17.00 to C$14.50 in a report issued on Monday, BayStreet.CA reports. Scotiabank’s price target suggests a potential upside of 34.38% from the company’s previous close.
Several other brokerages have also recently weighed in on HBM. Eight Capital raised their target price on shares of Hudbay Minerals from C$14.50 to C$18.00 in a report on Thursday, July 11th. BMO Capital Markets raised their price objective on shares of Hudbay Minerals from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a report on Tuesday, May 21st. Royal Bank of Canada raised their price objective on shares of Hudbay Minerals from C$11.00 to C$17.00 and gave the stock an “outperform” rating in a report on Wednesday, May 15th. Canaccord Genuity Group cut their price objective on shares of Hudbay Minerals from C$16.00 to C$15.00 in a report on Monday, July 22nd. Finally, Cormark raised their price objective on shares of Hudbay Minerals from C$13.50 to C$15.00 and gave the stock a “buy” rating in a report on Monday, May 27th. Thirteen analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Hudbay Minerals has a consensus rating of “Buy” and a consensus target price of C$14.48.
Check Out Our Latest Stock Report on HBM
Hudbay Minerals Stock Up 2.1 %
Insider Activity at Hudbay Minerals
In related news, Senior Officer Peter Adamek sold 5,874 shares of Hudbay Minerals 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. In other Hudbay Minerals news, Director Gregory Paul Dryden sold 26,625 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of C$10.23, for a total transaction of C$272,496.23. Also, Senior Officer Peter Adamek sold 5,874 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of C$13.00, for a total transaction of C$76,362.00. 0.07% of the stock is currently owned by insiders.
Hudbay Minerals Company Profile
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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