Hudbay Minerals Inc. (TSE:HBM – Get Rating) (NYSE:HBM) has been given a consensus recommendation of "Moderate Buy" by the seventeen brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$9.46.

Several brokerages have issued reports on HBM. Haywood Securities cut their target price on shares of Hudbay Minerals from C$12.00 to C$8.00 and set a "buy" rating on the stock in a research note on Friday, July 22nd. BMO Capital Markets reduced their target price on Hudbay Minerals from C$13.00 to C$12.50 in a report on Tuesday, August 9th. National Bankshares lowered Hudbay Minerals from an "outperform" rating to a "sector perform" rating and reduced their target price for the company from C$8.50 to C$7.75 in a report on Tuesday, July 19th. Cormark reduced their target price on Hudbay Minerals to C$8.00 and set a "buy" rating for the company in a report on Friday, July 22nd. Finally, Barclays upgraded Hudbay Minerals from an "equal weight" rating to an "overweight" rating and reduced their target price for the company from C$9.00 to C$6.00 in a report on Tuesday, July 19th.

Hudbay Minerals Stock Down 2.6 %

HBM stock opened at C$5.68 on Thursday. The company has a debt-to-equity ratio of 80.55, a current ratio of 1.35 and a quick ratio of 0.87. The firm has a market capitalization of C$1.49 billion and a P/E ratio of -9.50. Hudbay Minerals has a 52-week low of C$4.07 and a 52-week high of C$11.17. The company's 50 day simple moving average is C$5.34 and its 200-day simple moving average is C$7.73.

Hudbay Minerals Company Profile

Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; silver/gold doré; molybdenum concentrates; and zinc metals.

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