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TD Securities Thinks HudBay Minerals’ Stock is Going to Recover


HudBay Minerals (TSX: HBM), the Materials sector company, was revisited by a Wall Street analyst yesterday. Analyst Greg Barnes from TD Securities rated HudBay Minerals (TSX: HBM) a Buy, setting a C$11 price target.

According to TipRanks.com, Barnes has currently no stars on a ranking scale of 0-5 stars, with an average return of -5.6% and a 36.6% success rate. Barnes covers the Basic Materials sector, focusing on stocks such as Osisko Gold Royalties Ltd, Hudbay Minerals Inc, and Centerra Gold Inc.

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HudBay Minerals has an analyst consensus of Strong Buy, with a price target consensus of C$9.79.

The company has a one-year high of C$12.65 and a one-year low of C$5.44. Currently, HudBay Minerals has an average volume of 1.64M.

HudBay Minerals, Inc. is a mining company, which engages in the production of copper concentrate, zinc concentrate, and zinc metal. It also involves in 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$6.13, close to its 52-week low of C$5.44.