TipRanksStock Market NewsHBM NewsRaymond James Sticks to Its Buy Rating for Hudbay Minerals (HBM)

Raymond James Sticks to Its Buy Rating for Hudbay Minerals (HBM)

In a report released today, Farooq Hamed from Raymond James maintained a Buy rating on Hudbay Minerals (HBMResearch Report), with a price target of C$12.00. The company’s shares closed last Monday at $5.36, close to its 52-week low of $4.96.

According to TipRanks.com, Hamed has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -11.7% and a 32.7% success rate. Hamed covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Lundin Mining, and Ivanhoe Mines.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Hudbay Minerals with a $10.43 average price target, implying a 98.3% upside from current levels. In a report issued on May 10, BMO Capital also maintained a Buy rating on the stock with a $15.00 price target.

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The company has a one-year high of $8.75 and a one-year low of $4.96. Currently, Hudbay Minerals has an average volume of 1.47M.

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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