Hudbay Minerals (TSE:HBM – Get Rating) (NYSE:HBM) had its target price hoisted by research analysts at Scotiabank from C$7.50 to C$8.00 in a report issued on Wednesday, BayStreet.CA reports. Scotiabank's price target points to a potential upside of 33.11% from the company's current price.

Several other equities research analysts have also weighed in on the company. Credit Suisse Group reduced their target price on Hudbay Minerals to C$9.00 and set an "outperform" rating for the company in a report on Tuesday, June 28th. Barclays upgraded Hudbay Minerals from an "equal weight" rating to an "overweight" rating and cut their price target for the stock from C$9.00 to C$6.00 in a report on Tuesday, July 19th. Haywood Securities cut their price target on Hudbay Minerals from C$12.00 to C$8.00 and set a "buy" rating for the company in a report on Friday, July 22nd. Stifel Nicolaus cut their price target on Hudbay Minerals from C$16.50 to C$12.00 in a report on Tuesday, July 19th. Finally, National Bank Financial lowered Hudbay Minerals from an "outperform" rating to a "sector perform" rating in a report on Monday, July 18th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Hudbay Minerals currently has an average rating of "Moderate Buy" and an average price target of C$9.65.

Hudbay Minerals Trading Up 2.0 %

Shares of TSE HBM opened at C$6.01 on Wednesday. The stock has a market cap of C$1.57 billion and a price-to-earnings ratio of -10.05. The business has a 50 day simple moving average of C$5.41 and a 200 day simple moving average of C$7.80. Hudbay Minerals has a 52 week low of C$4.07 and a 52 week high of C$11.17. The company has a debt-to-equity ratio of 80.55, a quick ratio of 0.87 and a current ratio of 1.35.

Hudbay Minerals Company Profile

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Hudbay Minerals Inc, a diversified 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; silver/gold doré; molybdenum concentrates; and zinc metals.

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