Mining minerals

CSFB cuts Hudbay Minerals (TSE:HBM) target price to C$7.00

Hudbay Minerals (TSE:HBM – Get Rating) (NYSE:HBM) saw its target price lowered by CSFB research analysts from CA$7.50 to CA$7.00 in a note issued to investors on Thursday, BayStreet.CA reports. CSFB’s target price indicates a potential upside of 25.90% from the company’s previous close.

HBM has been the subject of a number of other reports. National Bankshares downgraded Hudbay Minerals from an “outperforming” rating to an “sector outperforming” rating and lowered its price target for the company from C$8.50 to C$7.75 in a report by the Tuesday July 19. Haywood Securities lowered its price target on Hudbay Minerals from C$12.00 to C$8.00 and set a “buy” rating for the company in a report released Friday, July 22. Credit Suisse Group lowered its price target on Hudbay Minerals from C$9.00 to C$7.00 and set an “outperform” rating for the company in a report released Thursday. CIBC lowered its price target on Hudbay Minerals from C$12.00 to C$10.00 in a Wednesday, July 20 report. Finally, Stifel Nicolaus cut his price target on Hudbay Minerals from CA$16.50 to CA$12.00 in a Tuesday, July 19 report. Two research analysts gave the stock a hold rating and ten gave the stock a buy rating. According to data from MarketBeat, the stock currently has an average rating of “moderate buy” and an average target price of C$9.24.

Hudbay Minerals trades up 3.5%

A d rich millionaire

A Potential Fintech Unicorn

This stock has weathered the digital currency downturn and still has huge potential.

TSE HBM traded C$0.19 on Thursday, reaching C$5.56. The company had a trading volume of 865,941 shares, compared to its average volume of 1,197,838. The company has a market cap of C$1.46 billion and a price-earnings ratio of -9.21. Hudbay Minerals has a fifty-two week low of C$4.07 and a fifty-two week high of C$11.17. The company has a 50-day moving average of C$5.12 and a 200-day moving average of C$7.27. The company has a debt ratio of 78.27, a current ratio of 1.41 and a quick ratio of 0.82.

About Hudbay Minerals

(Get a rating)

Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, is focused on the discovery, production and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold and silver; gilded silver/gold; molybdenum concentrates; and zinc metals.

Further reading

Analyst Recommendations for Hudbay Minerals (TSE:HBM)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider Hudbay Minerals, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Hudbay Minerals was not on the list.

While Hudbay Minerals currently has a “moderate buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here