In a report released today, Oscar Cabrera from CIBC maintained a Hold rating on Hudbay Minerals Inc (HBM), with a price target of $5. The company’s shares closed last Monday at $3.46, close to its 52-week low of $2.99.
According to TipRanks.com, Cabrera is ranked 0 out of 5 stars with an average return of -19.9% and a 25.0% success rate. Cabrera covers the Basic Materials sector, focusing on stocks such as Turquoise Hill Resources Ltd, Trevali Mining Corporation, and First Quantum Minerals Ltd.
Hudbay Minerals Inc has an analyst consensus of Moderate Buy, with a price target consensus of $6.19.
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Based on Hudbay Minerals Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $54.15 million. In comparison, last year the company had a net profit of $24.67 million.
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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.
