HudBay Minerals Gets a Hold Rating from BMO Capital

By Jason Carr

HudBay Minerals (TSX: HBM), the Materials sector company was revisited yesterday, yet the Wall Street analyst remains currently on the sidelines. The company received a Hold rating from BMO Capital’s analyst David Gagliano, with a C$9.50 price target.

According to TipRanks.com, Gagliano is a 4-star analyst with an average return of 4.2% and a 51.5% success rate. Gagliano covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Stillwater Mining Company.

HudBay Minerals has an analyst consensus of Moderate Buy, with a price target consensus of C$11.75.

The company has a one year high of C$11.95 and a one year low of C$4.74. Currently, HudBay Minerals has an average volume of 1.82M.

HudBay Minerals, Inc. operates as an integrated mining company with the operations, development properties and exploration activities across the America. It provides metals mining, metallurgical processing and refining, which produces zinc, copper, gold, silver and zinc oxide.

The company’s shares closed on Wednesday at $7.75.