Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) shares shot up 3.2% during trading on Thursday . The company traded as high as C$11.24 and last traded at C$10.70. 1,651,420 shares were traded during trading, a decline of 11% from the average session volume of 1,856,972 shares. The stock had previously closed at C$10.37.
A number of brokerages have recently commented on HBM. CIBC raised their price target on Hudbay Minerals from C$13.00 to C$14.00 in a report on Friday, November 3rd. BMO Capital Markets raised their price target on Hudbay Minerals from C$11.25 to C$12.00 in a report on Tuesday, January 23rd. Eight Capital raised their price target on Hudbay Minerals from C$13.25 to C$13.75 in a report on Friday, January 19th. Scotiabank reissued a “focus stock” rating and set a C$12.50 price target on shares of Hudbay Minerals in a report on Thursday, November 2nd. Finally, National Bank Financial lowered Hudbay Minerals from an “outperform” rating to a “sector perform” rating and set a C$13.00 price target on the stock. in a report on Thursday, January 18th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. Hudbay Minerals presently has a consensus rating of “Buy” and a consensus price target of C$12.68.
The company has a market cap of $2,710.00, a P/E ratio of 118.00 and a beta of 2.55.
In related news, insider Gmt Capital Corp sold 5,900 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of C$7.66, for a total transaction of C$45,194.00. Insiders have sold 59,400 shares of company stock valued at $528,134 in the last ninety days.
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About Hudbay Minerals
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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