In a report released on October 4, Sam Crittenden from RBC Capital maintained a Buy rating on Hudbay Minerals (HBM – Research Report), with a price target of C$10.00. The company’s shares closed yesterday at $4.37.
According to TipRanks, Crittenden is a 5-star analyst with an average return of 17.8% and a 52.63% success rate. Crittenden covers the Basic Materials sector, focusing on stocks such as Hudbay Minerals, Freeport-McMoRan, and Lundin Mining.
Currently, the analyst consensus on Hudbay Minerals is a Strong Buy with an average price target of $7.11, representing a 62.70% upside. In a report released on October 3, Scotiabank also maintained a Buy rating on the stock with a C$10.50 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:
- Gold Price Sinks, Gold Stocks Mostly Up
- 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
