Hudbay Minerals (HBM) Gets a Buy Rating from RBC Capital

In a report issued on April 11, Sam Crittenden from RBC Capital maintained a Buy rating on Hudbay Minerals (HBMResearch Report), with a price target of C$14.00. The company’s shares closed last Tuesday at $7.35.

According to TipRanks.com, Crittenden is a 5-star analyst with an average return of 29.0% and a 66.9% success rate. Crittenden covers the Basic Materials sector, focusing on stocks such as Turquoise Hill Resources, First Quantum Minerals, and Nexa Resources SA.

Currently, the analyst consensus on Hudbay Minerals is a Strong Buy with an average price target of $11.01, which is a 47.0% upside from current levels. In a report issued on April 8, National Bank also maintained a Buy rating on the stock with a C$13.00 price target.

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Hudbay Minerals’ market cap is currently $1.93B and has a P/E ratio of -7.89.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HBM in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

HudBay Minerals, Inc. operates as a mining company, which engages in the production of copper concentrate, molybdenum concentrate and zinc metal. It focuses on the discovery, production, and marketing of base and precious metals. The company was founded on January 16, 1996 and is headquartered in Toronto, Canada.

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