Hudbay Minerals (HBM) Hits New 1-Year High at $12.06

Shares of Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) hit a new 52-week high on Thursday . The company traded as high as C$12.06 and last traded at C$11.86, with a volume of 2546225 shares. The stock had previously closed at C$11.30.

A number of analysts have weighed in on the stock. CIBC increased their target price on shares of Hudbay Minerals from C$13.00 to C$14.00 in a report on Friday, November 3rd. National Bank Financial cut shares of Hudbay Minerals from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from C$11.25 to C$13.00 in a report on Wednesday, October 18th. TD Securities dropped their price objective on shares of Hudbay Minerals from C$13.00 to C$12.50 and set an “action list buy” rating on the stock in a report on Monday, October 2nd. BMO Capital Markets increased their price objective on shares of Hudbay Minerals from C$10.50 to C$10.75 and gave the stock a “market perform” rating in a report on Monday, October 2nd. Finally, Scotiabank reissued a “focus stock” rating and set a C$12.50 target price on shares of Hudbay Minerals in a research note on Thursday, November 2nd. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$12.09.

The firm has a market cap of $3,140.00, a PE ratio of 131.78 and a beta of 2.78.

In other news, insider Gmt Capital Corp purchased 6,700 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were bought at an average price of C$7.68 per share, with a total value of C$51,456.00.

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Hudbay Minerals Company Profile

Hudbay Minerals Inc is a Canada-based mining company. The Company is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal. The Company is focused on the discovery, production and marketing of base and precious metals. The Company has assets in North and South America.

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