Cormark Comments on Hudbay Minerals Inc's Q3 2017 Earnings (TSE:HBM)

Vincent De Villiers
Agosto 13, 2017

Scotiabank reissued a "focus stock" rating and set a C$11.00 price objective on shares of Hudbay Minerals in a research report on Friday, August 4th.

Shares of Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) have earned an average rating of "Buy" from the eleven ratings firms that are now covering the company, Marketbeat reports.

Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) had its target price upped by National Bank Financial from C$11.00 to C$11.50 in a research report sent to investors on Tuesday morning.

TRADEMARK VIOLATION NOTICE: "Hudbay Minerals Inc (HBM) Given Average Rating of "Buy" by Analysts" was originally reported by Community Financial News and is owned by of Community Financial News. Finally, CSFB began coverage on Hudbay Minerals in a research report on Thursday, April 13th. The stock has a consensus rating of Buy and an average price target of C$10.72. National Bank Financial now has an outperform rating on the mining company's stock. Royal Bank Of Canada decreased their price target on Hudbay Minerals from C$13.00 to C$12.00 and set an outperform rating for the company in a report on Monday, May 8th.

The company is so far trading down by -1.39% since yesterday's close of $7.2. Barclays PLC dropped their price objective on shares of Hudbay Minerals from C$11.00 to C$10.00 in a research note on Friday, May 19th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The firm has a 50-day moving average price of $8.51 and a 200-day moving average price of $8.72.

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The stock of Hudbay Minerals Incorporated (NYSE:HBM) registered a decrease of 3.97% in short interest.

Shares of Hudbay Minerals (TSE:HBM) traded down 2.910% during mid-day trading on Wednesday, reaching $9.175. Hudbay Minerals has a 12 month low of $4.74 and a 12 month high of $11.95. The company has market cap of $1.71 billion. If you are viewing this piece of content on another website, it was stolen and republished in violation of worldwide copyright and trademark laws. The original version of this news story can be accessed at The dividend will be $0.005 per share for the quarter which comes to $0.02 on an annualized basis.

In other news, insider Gmt Capital Corp bought 7,200 shares of Hudbay Minerals stock in a transaction dated Monday, May 15th. The stock was bought at an average price of C$4.86 per share, with a total value of C$26,244.00. The ex-dividend date of this dividend is Thursday, September 7th.

Hudbay Minerals Inc is a Canada-based mining company. It produces copper concentrates containing copper, gold, and silver; and zinc metal. The Firm 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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