BMO Capital Remains a Buy on Hudbay Minerals (HBM)
BMO Capital analyst Matt Murphy maintained a Buy rating on Hudbay Minerals today and set a price target of C$39.00.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Murphy covers the Basic Materials sector, focusing on stocks such as Franco-Nevada, Hudbay Minerals, and Nexa Resources SA. According to TipRanks, Murphy has an average return of 37.1% and a 75.19% success rate on recommended stocks.
In a report released yesterday, CIBC also maintained a Buy rating on the stock with a C$46.00 price target.
HBM market cap is currently C$13.9B and has a P/E ratio of 15.15.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HBM in relation to earlier this year.
Read More on HBM:
Disclaimer & DisclosureReport an Issue
- Hudbay Minerals price target raised to C$46 from C$42 at CIBC
- Hudbay Minerals Sets May 19 Virtual Shareholder Meeting and Files Proxy Materials
- Hudbay Extends Mine Lives and Lifts Copper Outlook in New Three-Year Guidance
- Hudbay Minerals Moves to Fully Acquire Arizona Sonoran Copper in US$1.48 Billion Share Deal
- Hudbay Minerals Moves to Fully Acquire Arizona Sonoran Copper in US$1.48 Billion Deal
