Hudbay Minerals (HBM) Receives a Buy from Barclays


Barclays analyst Matt Murphy maintained a Buy rating on Hudbay Minerals (HBM) yesterday and set a price target of C$6.00. The company’s shares closed last Tuesday at $3.38.

According to TipRanks.com, Murphy is a 4-star analyst with an average return of 8.3% and a 63.2% success rate. Murphy covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, First Quantum Minerals, and Freeport-McMoRan.

Hudbay Minerals has an analyst consensus of Moderate Buy, with a price target consensus of $3.68, which is a 4.2% upside from current levels. In a report issued on July 19, Canaccord Genuity also maintained a Buy rating on the stock with a C$7.50 price target.

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The company has a one-year high of $5.47 and a one-year low of $1.23. Currently, Hudbay Minerals has an average volume of 1.31M.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HBM in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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