CSFB Raises Hudbay Minerals (TSE:HBM) Price Target to C$8.50

Hudbay Minerals (TSE:HBMGet Rating) (NYSE:HBM) had its price target upped by CSFB from C$7.00 to C$8.50 in a research report report published on Tuesday morning, BayStreet.CA reports.

Several other equities research analysts have also recently commented on the company. TD Securities lowered their price target on Hudbay Minerals from C$9.00 to C$8.00 and set a buy rating for the company in a research note on Thursday, November 3rd. Barclays cut Hudbay Minerals from an overweight rating to an equal weight rating in a research note on Monday, October 17th. Royal Bank of Canada lowered their price target on Hudbay Minerals from C$12.00 to C$10.00 and set an outperform rating for the company in a research note on Wednesday, August 10th. Eight Capital lowered their price target on Hudbay Minerals from C$11.00 to C$10.00 in a research note on Wednesday, October 26th. Finally, BMO Capital Markets lowered their price target on Hudbay Minerals from C$12.50 to C$10.00 in a research note on Wednesday, August 17th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of C$8.97.

Hudbay Minerals Trading Up 0.5 %

TSE:HBM opened at C$7.48 on Tuesday. The company has a debt-to-equity ratio of 79.51, a current ratio of 1.24 and a quick ratio of 0.85. Hudbay Minerals has a fifty-two week low of C$4.07 and a fifty-two week high of C$11.17. The stock’s 50-day moving average is C$5.97 and its two-hundred day moving average is C$5.89. The stock has a market cap of C$1.96 billion and a PE ratio of 19.18.

Hudbay Minerals Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 23rd were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, September 1st. This represents a dividend yield of 0.17%. Hudbay Minerals’s dividend payout ratio (DPR) is presently 3.97%.

Hudbay Minerals Company Profile

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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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Analyst Recommendations for Hudbay Minerals (TSE:HBM)

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