Hudbay Minerals (TSE:HBM) Downgraded by National Bank Financial

Hudbay Minerals (TSE:HBM) (NYSE:HBM) was downgraded by research analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Thursday, January 18th. They currently have a C$13.00 price objective on the mining company’s stock. National Bank Financial’s target price would suggest a potential upside of 33.74% from the stock’s current price. National Bank Financial also issued estimates for Hudbay Minerals’ Q4 2017 earnings at $0.33 EPS.

HBM has been the topic of several other reports. CIBC reissued an “outperform” rating and set a C$13.00 target price on shares of Hudbay Minerals in a research note on Tuesday, October 10th. Scotiabank reaffirmed a “focus stock” rating and issued a C$12.50 price target on shares of Hudbay Minerals in a research note on Thursday, November 2nd. BMO Capital Markets upped their price target on shares of Hudbay Minerals from C$10.50 to C$10.75 and gave the stock a “market perform” rating in a research note on Monday, October 2nd. Finally, TD Securities dropped their price target on shares of Hudbay Minerals from C$13.00 to C$12.50 and set an “action list buy” rating on the stock in a research note on Monday, October 2nd. Three analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$12.53.

Shares of Hudbay Minerals (TSE HBM) traded up C$0.02 during trading hours on Thursday, reaching C$9.72. 2,742,300 shares of the company’s stock traded hands, compared to its average volume of 1,746,388. Hudbay Minerals has a 52 week low of C$6.13 and a 52 week high of C$12.65. The firm has a market cap of $2,530.00, a P/E ratio of 108.00 and a beta of 2.55.

In other Hudbay Minerals news, insider Gmt Capital Corp sold 29,200 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of C$9.29, for a total transaction of C$271,268.00. Insiders have sold 44,200 shares of company stock valued at $407,238 over the last 90 days.

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Hudbay Minerals Company Profile

Hudbay Minerals Inc is a Canada-based mining company. The Company is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal. The Company is focused on the discovery, production and marketing of base and precious metals. The Company has assets in North and South America.

Analyst Recommendations for Hudbay Minerals (TSE:HBM)

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