Trading Report: Today, HudBay Minerals Inc. (HBM) Price Target Raised to C$9.50

Today, HudBay Minerals Inc. (HBM) Price Target Raised to C$9.50

HudBay Minerals Inc. (TSE:HBM) (NYSE:HBM) had its price objective hoisted by TD Securities from C$7.50 to C$9.50 in a research note released on Tuesday. TD Securities currently has a buy rating on the mining company’s stock.

HBM has been the subject of a number of other reports. Scotiabank reaffirmed an outperform rating and issued a C$7.00 target price on shares of HudBay Minerals in a research report on Thursday, November 3rd. CSFB lowered HudBay Minerals from an outperform rating to a neutral rating in a research report on Thursday, July 28th. Royal Bank Of Canada reaffirmed an outperform rating and issued a C$7.50 target price (up from C$7.00) on shares of HudBay Minerals in a research report on Thursday, November 3rd. National Bank Financial boosted their target price on HudBay Minerals from C$7.00 to C$9.00 and gave the company a sector perform rating in a research report on Tuesday. Finally, CIBC boosted their price objective on HudBay Minerals from C$6.50 to C$7.50 in a report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. HudBay Minerals currently has an average rating of Buy and an average price target of C$7.89.

Shares of HudBay Minerals (TSE:HBM) opened at 9.49 on Tuesday. The firm’s market capitalization is $2.24 billion. The company’s 50-day moving average price is $6.39 and its 200 day moving average price is $5.94. HudBay Minerals has a 12-month low of $2.26 and a 12-month high of $9.75.

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