Thursday, 18 April 2024

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Business News

Hudbay Minerals (HBM) Receives a Buy from RBC Capital – TipRanks Financial Blog

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In a report released on April 2, Sam Crittenden from RBC Capital maintained a Buy rating on Hudbay Minerals (HBMResearch Report), with a price target of C$11.00. The company’s shares closed yesterday at $7.41.

Crittenden covers the Basic Materials sector, focusing on stocks such as Lundin Mining, Teck Resources, and Capstone Copper. According to TipRanks, Crittenden has an average return of 21.8% and a 62.64% success rate on recommended stocks.

Hudbay Minerals has an analyst consensus of Strong Buy, with a price target consensus of $8.00, representing a 7.96% upside. In a report released on April 1, Canaccord Genuity also maintained a Buy rating on the stock with a C$10.50 price target.

HBM market cap is currently $2.51B and has a P/E ratio of 33.54.

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Hudbay Minerals (HBM) Company Description:

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.

Click Here to Read the Full Original Article at TipRanks Financial Blog…


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