Hudbay Minerals (TSE:HBM – Get Free Report) (NYSE:HBM) had its price target decreased by equities research analysts at Royal Bank of Canada from C$18.00 to C$16.00 in a research note issued on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the mining company’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 74.86% from the stock’s current price.
HBM has been the topic of several other research reports. Cormark lifted their target price on shares of Hudbay Minerals from C$13.50 to C$15.00 and gave the stock a “buy” rating in a research note on Monday, May 27th. Scotiabank lowered their price target on shares of Hudbay Minerals from C$17.00 to C$14.50 in a research report on Monday, August 19th. CIBC increased their price objective on shares of Hudbay Minerals from C$14.50 to C$15.50 and gave the company an “outperform” rating in a report on Thursday, June 20th. Eight Capital raised their target price on shares of Hudbay Minerals from C$14.50 to C$18.00 in a research note on Thursday, July 11th. Finally, National Bankshares dropped their price target on Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. Twelve analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Hudbay Minerals currently has a consensus rating of “Buy” and a consensus price target of C$15.34.
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Hudbay Minerals Price Performance
Hudbay Minerals Company Profile
Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.
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