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A statement released earlier today by Scotia Capital about HudBay Minerals (TSE:HBM) bumps the target price to $12.00

Having a price of $7.58, HudBay Minerals (TSE:HBM) traded -0.20% lower on the day. With the last close down 15.70% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the same period. HudBay Minerals has recorded a 50-day average of $9.94 and a two hundred day average of $8.58. Volume of trade was down over the average, with 1,243,472 shares of HBM changing hands under the typical 2,131,110

Scotia Capital upped the price target of HudBay Minerals (TSE:HBM) to $12.00 reporting a potential upside of 0.58%.

On 05/19/2017, Barclays Capital released a statement on HudBay Minerals (TSE:HBM) dropped the target price from $11.00 to $10.00 that suggested an upside of 0.35%.

Performance Chart

HudBay Minerals (TSE:HBM)

With a total market value of $0, HudBay Minerals has price-earnings ratio of 248.25 with a one year low of $4.85 and a one year high of $11.95 .

A total of 14 analysts have released a report on HudBay Minerals. Two analysts rating the company a strong buy, seven analysts rating the company a buy, six analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $7.97.

More 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), as well as 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, in the United States.

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