Credit Suisse Group Increases Hudbay Minerals (TSE:HBM) Price Target to C$8.50

Hudbay Minerals (TSE:HBMGet Rating) (NYSE:HBM) had its price target lifted by Credit Suisse Group to C$8.50 in a research note released on Tuesday, Stock Target Advisor reports.

A number of other brokerages also recently issued reports on HBM. Scotiabank reissued a sector outperform rating on shares of Hudbay Minerals in a report on Monday, October 24th. Eight Capital cut their price target on shares of Hudbay Minerals from C$11.00 to C$10.00 in a report on Wednesday, October 26th. Barclays cut shares of Hudbay Minerals from an overweight rating to an equal weight rating in a report on Monday, October 17th. BMO Capital Markets lowered their price objective on Hudbay Minerals from C$12.50 to C$10.00 in a research report on Wednesday, August 17th. Finally, Bank of America boosted their target price on Hudbay Minerals from C$6.80 to C$8.00 in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from, the stock presently has an average rating of Moderate Buy and an average price target of C$8.91.

Hudbay Minerals Stock Up 3.7 %

Shares of TSE HBM opened at C$7.35 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 1.24 and a debt-to-equity ratio of 79.51. The company has a market cap of C$1.92 billion and a P/E ratio of 18.85. Hudbay Minerals has a 52 week low of C$4.07 and a 52 week high of C$11.17. The business has a 50-day simple moving average of C$5.90 and a two-hundred day simple moving average of C$5.87.

Hudbay Minerals Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 23rd were issued a $0.01 dividend. This represents a dividend yield of 0.17%. The ex-dividend date of this dividend was Thursday, September 1st. Hudbay Minerals’s payout ratio is currently 5.13%.

Hudbay Minerals Company Profile

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Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, focuses 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; silver/gold doré; molybdenum concentrates; and zinc metals.

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