Scotiabank analyst Orest Wowkodaw maintained a Buy rating on Hudbay Minerals (HBM – Research Report) today and set a price target of C$10.50. The company’s shares closed yesterday at $4.45.
According to TipRanks, Wowkodaw is a 5-star analyst with an average return of 17.4% and a 53.75% success rate. Wowkodaw covers the Basic Materials sector, focusing on stocks such as Hudbay Minerals, Freeport-McMoRan, and Teck Resources.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Hudbay Minerals with a $7.01 average price target, which is a 57.53% upside from current levels. In a report released on October 1, RBC Capital also assigned a Buy rating to the stock with a C$10.00 price target.
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Based on Hudbay Minerals’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $312.17 million and a GAAP net loss of $14.93 million. In comparison, last year the company earned a revenue of $415.45 million and had a GAAP net loss of $122.8 million
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Hudbay Minerals (HBM) Company Description:
HudBay Minerals, Inc. operates as a mining company, which engages in the production of copper concentrate, molybdenum concentrate and zinc metal. It focuses on the discovery, production, and marketing of base and precious metals. The company was founded on January 16, 1996 and is headquartered in Toronto, Canada.
Read More on HBM:
- Hudbay Minerals price target raised to C$10.50 from C$10 at Scotiabank
- Hudbay Completes Rockcliff Acquisition; Further Consolidates Snow Lake Operations and Adds to Prospective Land Package
- Hudbay Minerals completes acquisition of Rockcliff Metals
- Hudbay Minerals price target lowered to C$10.50 from C$11 at TD Securities
- Hudbay De-risks Copper World Phase I with Enhanced Pre-Feasibility Study
