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

In a report issued on June 1, Sam Crittenden from RBC Capital maintained a Buy rating on Hudbay Minerals (HBMResearch Report), with a price target of C$12.00. The company’s shares closed last Friday at $5.88.

According to, Crittenden is a 5-star analyst with an average return of 26.3% and a 59.9% success rate. Crittenden covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Nexa Resources SA, and Freeport-McMoRan.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Hudbay Minerals with a $10.53 average price target, representing a 75.5% upside. In a report issued on May 18, CIBC also maintained a Buy rating on the stock with a C$11.50 price target.

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Hudbay Minerals’ market cap is currently $1.6B and has a P/E ratio of -13.24.

Based on the recent corporate insider activity of 31 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.

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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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