Today, an analyst has provided a rating update for HudBay Minerals (HBM). Raymond James’ analyst Farooq Hamed reiterates their Hold rating on the shares, with a C$10.50 price target.
According to TipRanks.com, Hamed has currently no stars on a ranking scale of 0-5 stars, with an average return of -12.7% and a 35.2% success rate. Hamed covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals Ltd, Hudbay Minerals Inc, and Lundin Mining.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for HudBay Minerals with a C$10.69 average price target, which is a 9.3% upside from current levels. In a report issued on April 15, Canaccord Genuity also reiterated a Hold rating on the stock with a C$10.50 price target.
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HudBay Minerals’ market cap is currently C$2.64B and has a P/E ratio of 22.5. The company has a Price to Book ratio of 0.89.
HudBay Minerals, Inc. operates as a mining company, which engages in the production of copper concentrate, molybdenum concentrate and zinc metal. It focuses on the discovery, production, and marketing of base and precious metals. The company was founded on January 16, 1996 and is headquartered in Toronto, Canada.
The company’s shares closed on Thursday at C$9.78, close to its 52-week high of C$10.42.
