Today, HudBay Minerals Inc. (HBM) Price Target Raised to C$9.00

Today, HudBay Minerals Inc. (HBM) Price Target Raised to C$9.00
HudBay Minerals Inc. (TSE:HBM) (NYSE:HBM) had its price target upped by National Bank Financial from C$7.00 to C$9.00 in a research report report published on Tuesday morning. They currently have a sector perform rating on the mining company’s stock.

Several other brokerages have also recently commented on HBM. Royal Bank Of Canada restated an outperform rating on shares of HudBay Minerals in a report on Tuesday. Barclays PLC increased their target price on HudBay Minerals from C$5.00 to C$7.00 and gave the stock an underweight rating in a report on Thursday, November 17th. CSFB cut HudBay Minerals from an outperform rating to a neutral rating in a report on Thursday, July 28th. Scotiabank restated an outperform rating and set a C$8.00 target price on shares of HudBay Minerals in a report on Thursday, July 28th. Finally, CIBC increased their target price on HudBay Minerals from C$6.50 to C$7.50 in a report on Thursday, July 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of C$7.89.

HudBay Minerals (TSE:HBM) opened at 9.49 on Tuesday. The stock’s market cap is $2.24 billion. The firm’s 50-day moving average price is $6.39 and its 200 day moving average price is $5.94. HudBay Minerals has a 1-year low of $2.26 and a 1-year high of $9.75.

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