A statement released today by Zacks Investment Research about HudBay Minerals Inc (NYSE:HBM) raises the target price to $4.25
- Updated: October 9, 2016
Zacks Investment Research raised the price target of HudBay Minerals Inc (NYSE:HBM) to $4.25 stating a possible upside of 0.11%.
Yesterday HudBay Minerals Inc (NYSE:HBM) traded -2.35% lower at $3.84. HudBay Minerals Inc’s 50-day average is $4.01 and its two hundred day average is $4.31. With the last close down -13.16% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time. 187,836 shares of HudBay Minerals Inc exchanged hands, down from an avg. volume of 238,117
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With a total market value of $0, HudBay Minerals Inc has with a one year low of $1.56 and a one year high of $5.74 .
A total of 6 firms have released a research note on HBM. 2 brokerages rating the company a strong buy, one brokerage rating the stock a buy, 4 brokers rating the stock a hold, 0 firms rating the stock a underperform, and finally zero analysts rating the company a sell with a 12-month target of $5.06.
Brief Synopsis On HudBay Minerals Inc (NYSE: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, in the United States.
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