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A statement released earlier today by RBC Capital Markets about HudBay Minerals (TSE:HBM) bumps the target price to $8.00

RBC Capital Markets bumped the estimated target of HudBay Minerals (TSE:HBM) to $8, stating a possible upside of 0.26%.

On 7/29/2016, Scotia Capital reported on HudBay Minerals(TSE:HBM) raised the target price from $0.00 to $8.00. At the time, this indicated a possible upside of 0.23%.

Just yesterday HudBay Minerals (TSE:HBM) traded 0.80% lower at $6.33. HBM’s 50-day moving average is $5.75 and its two hundred day moving average is $5.58. With the last stock close up 11.37% relative to the 200-day moving average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the same time. Trading volume was was up over the average, with 2,823,760 shares of HBM changing hands over the typical 1,504,200 shares..

Recent Performance Chart:

HudBay Minerals (TSE:HBM)

With a total market value of $0.0, HudBay Minerals has a PE of 0 with a one-year low of $2.26 and a 52 week high of $7.85.

In addition to RBC Capital Markets reporting it’s target price, a total of 17 brokers have released a ratings update on the company. The one year target stock price is $6.01 with four firms rating the stock a strong buy, eight firms rating the company a buy, four firms rating the stock a hold, one brokerage rating the company to underperform, and finally 0 analystsrating the company as sell.

Brief Synopsis About HudBay Minerals (TSE:HBM)

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. Through its subsidiaries, the Company owns approximately four polymetallic mines, four ore concentrators and a zinc production facility in northern Manitoba and Saskatchewan (Canada) and Cusco (Peru), and a copper project in Arizona (the United States). The Company owns Constancia mine, an open pit copper mine in Peru. It owns 777 mine, an underground copper, zinc, gold and silver mine in Flin Flon, Manitoba. It owns Lalor mine, an underground zinc, copper and gold mine near Snow Lake, Manitoba. It also owns Rosemont project, a copper development project in Pima County, Arizona, and in the United States.

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