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Scotia Capital announced HudBay Minerals (TSE:HBM), dropping its stock price target to $7.50 today

Only yesterday HudBay Minerals (TSE:HBM) traded 0.80% lower at $4.88. HBM’s 50-day moving average is $5.75 and its 200-day moving average is $5.58. With the last stock close down 11.37% from the two hundred day average, compared to the S&P 500 which has decreased -0.01% over the same time. Volume of trade was was up over the average, with 2,823,760 shares of HBM changing hands over the typical 1,504,200 shares..

Scotia Capital dropped the price target of HudBay Minerals (TSE:HBM) to $8, indicating a possible upside of 0.54%,

Previously on Thursday August 4 2016, TD Securities released a statement on HudBay Minerals(TSE:HBM) upped the target price from $0.00 to $7.50 that suggested an upside of 0.25%.

Performance Graph:

HudBay Minerals (TSE:HBM)

A total of 17 brokerages have reported on the company. Four analysts rate the company a strong buy, eight firms rate the company a buy, four firms rate the company a hold, one brokerage rate the company to underperform, and lastly 0 analystsrate the company as sell with an average target price of $6.01

HudBay Minerals has a one-year low of $2.26 and a one-year high of $7.85. HBM’s market cap is currently $0.0.

Brief Synopsis On 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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