Hudbay Minerals (HBM) Stock Forecast & Price Target

$7.99

0.00 (0.00%)

(As of 07/26/2024 ET)

Hudbay Minerals - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy
Based on 9 Analyst Ratings

Based on 9 Wall Street analysts who have issued ratings for Hudbay Minerals in the last 12 months, the stock has a consensus rating of "Buy." Out of the 9 analysts, 1 has given a hold rating, 7 have given a buy rating, and 1 has given a strong buy rating for HBM.

Consensus Price Target

$10.36
29.63% Upside

High Forecast	$14.00
Average Forecast	$10.36
Low Forecast	$8.00

According to the 9 analysts' twelve-month price targets for Hudbay Minerals, the average price target is $10.36. The highest price target for HBM is $14.00, while the lowest price target for HBM is $8.00. The average price target represents a forecasted upside of 29.63% from the current price of $7.99.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Buy	Buy	Buy	Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	8 Buy rating(s)	8 Buy rating(s)	3 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$10.36	$10.21	$9.75	N/A
Forecasted Upside	29.63% Upside	72.27% Upside	76.34% Upside	N/A

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HBM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

HBM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Hudbay Minerals Stock vs. The Competition

Type	Hudbay Minerals	Basic Materials Companies	S&P 500
Consensus Rating Score	3.00	2.64	2.50
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	29.63% Upside	306.17% Upside	9.10% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/12/2024	Jefferies Financial Group 2 of 5 stars		Boost Target	Hold ➝ Hold	$13.00 ➝ $14.00	+46.75%
5/14/2024	National Bank Financial 5 of 5 stars	S. Nagle Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
4/9/2024	Bank of America 4 of 5 stars		Upgrade	Neutral ➝ Buy	$9.00	+20.56%
3/26/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy
3/20/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$9.00 ➝ $10.50	+53.73%
10/2/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$10.00	+123.21%
9/19/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Outperform ➝ Sector Outperform	$10.00 ➝ $10.50	+117.84%
9/12/2023	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$11.00 ➝ $10.50	+118.75%
8/21/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$9.00 ➝ $8.00	+67.36%
7/7/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight
8/9/2022	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$13.00 ➝ C$12.50

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 01:15 AM ET.

HBM Forecast - Frequently Asked Questions

What is Hudbay Minerals' forecast for 2024?: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Hudbay Minerals is $10.36, with a high forecast of $14.00 and a low forecast of $8.00.
Should I buy or sell Hudbay Minerals stock right now?: 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hudbay Minerals in the last twelve months. There is currently 1 hold rating, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" HBM shares.
Does Hudbay Minerals's stock price have much upside?: According to analysts, Hudbay Minerals's stock has a predicted upside of 69.73% based on their 12-month stock forecasts.
Has Hudbay Minerals been upgraded by Wall Street analysts recently?: Over the previous 90 days, Hudbay Minerals's stock had 1 upgrade by analysts.
What analysts cover Hudbay Minerals?: Hudbay Minerals has been rated by research analysts at Jefferies Financial Group, and National Bank Financial in the past 90 days.
Do Wall Street analysts like Hudbay Minerals more than its competitors?: Analysts like Hudbay Minerals more than other "basic materials" companies. The consensus rating for Hudbay Minerals is Buy while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how HBM compares to other companies.