Hudbay Minerals (TSE:HBM – Get Rating) (NYSE:HBM) had its price objective decreased by stock analysts at Royal Bank of Canada from C$12.00 to C$10.00 in a report released on Wednesday, BayStreet.CA reports. The firm presently has an "outperform" rating on the mining company's stock. Royal Bank of Canada's price target would indicate a potential upside of 66.39% from the stock's current price.

A number of other research firms also recently weighed in on HBM. Cormark decreased their price target on shares of Hudbay Minerals to C$8.00 and set a "buy" rating for the company in a research report on Friday, July 22nd. Haywood Securities reduced their price target on shares of 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. Credit Suisse Group reduced their price target on shares of Hudbay Minerals to C$9.00 and set an "outperform" rating for the company in a report on Tuesday, June 28th. CIBC reduced their price target on shares of Hudbay Minerals from C$12.00 to C$10.00 in a report on Wednesday, July 20th. Finally, National Bankshares downgraded shares of Hudbay Minerals from an "outperform" rating to a "sector perform" rating and reduced their price target for the company from C$8.50 to C$7.75 in a report on Tuesday, July 19th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$9.65.

Hudbay Minerals Trading Up 2.0 %

HBM opened at C$6.01 on Wednesday. Hudbay Minerals has a 52-week low of C$4.07 and a 52-week high of C$11.17. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 80.55. The firm has a market capitalization of C$1.57 billion and a P/E ratio of -10.05. The firm's 50 day moving average is C$5.41 and its 200-day moving average is C$7.80.

About Hudbay Minerals

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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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