In a report released today, Brian MacArthur from Raymond James maintained a Buy rating on Hudbay Minerals (HBM – Research Report), with a price target of C$10.00. The company’s shares opened today at $5.53.
MacArthur covers the Basic Materials sector, focusing on stocks such as Franco-Nevada, Centerra Gold, and Teck Resources. According to TipRanks, MacArthur has an average return of 8.9% and a 51.34% success rate on recommended stocks.
Hudbay Minerals has an analyst consensus of Strong Buy, with a price target consensus of $7.30, representing a 32.01% upside. In a report released today, Canaccord Genuity also maintained a Buy rating on the stock with a C$9.25 price target.
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HBM market cap is currently $1.89B and has a P/E ratio of 182.77.
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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$8.50 from C$8.25 at National Bank
- Hudbay Minerals price target lowered to C$8.50 from C$9.50 at BMO Capital
- Hudbay Minerals price target raised by C$1 at CIBC
- Hudbay Minerals price target raised by C$0.50 at TD Securities
- Hudbay Minerals price target lowered to C$9 from C$9.50 at Raymond James
