On August 1, an analyst has provided a rating update for HudBay Minerals (HBM). Barclays’ analyst Matt Murphy reiterates their Buy rating on the shares, with a C$8 price target.
According to TipRanks.com, Murphy is a 4-star analyst with an average return of 4.8% and a 58.8% success rate. Murphy covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and First Quantum Minerals Ltd.
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HudBay Minerals has an analyst consensus of Moderate Buy, with a price target consensus of C$9.15.
HudBay Minerals’ market cap is currently C$1.27B and has a P/E ratio of 27.6. The company has a Price to Book ratio of 0.44.
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 Friday at C$4.86, close to its 52-week low of C$4.51.
