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Hudbay Minerals (HBM) Stock Forecast & Price Target

$8.07
+0.02 (+0.25%)
(As of 07/19/2024 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

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
28.34% 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 28.34% from the current price of $8.07.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
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$9.75N/A
Forecasted Upside28.34% Upside72.27% Upside76.34% UpsideN/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.
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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.
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Hudbay Minerals Stock vs. The Competition

TypeHudbay MineralsBasic Materials CompaniesS&P 500
Consensus Rating Score
3.00
2.63
2.51
Consensus RatingBuyModerate BuyModerate Buy
Predicted Upside28.34% Upside390.31% Upside10.04% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/12/2024Jefferies Financial Group
2 of 5 stars
 Boost TargetHold ➝ Hold$13.00 ➝ $14.00+46.75%
5/14/2024National Bank Financial
5 of 5 stars
S. Nagle
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UpgradeHold ➝ Strong-Buy
4/9/2024Bank of America
4 of 5 stars
 UpgradeNeutral ➝ Buy$9.00+20.56%
3/26/2024Stifel Nicolaus
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 Initiated CoverageBuy
3/20/2024Raymond James
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 Boost TargetOutperform ➝ Outperform$9.00 ➝ $10.50+53.73%
10/2/2023Royal Bank of Canada
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 Reiterated RatingOutperform ➝ Outperform$10.00+123.21%
9/19/2023Scotiabank
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 Boost TargetSector Outperform ➝ Sector Outperform$10.00 ➝ $10.50+117.84%
9/12/2023TD Securities
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 Lower TargetBuy ➝ Buy$11.00 ➝ $10.50+118.75%
8/21/2023Credit Suisse Group
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 Lower TargetOutperform ➝ Outperform$9.00 ➝ $8.00+67.36%
7/7/2023Barclays
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 UpgradeEqual Weight ➝ Overweight
8/9/2022BMO Capital Markets
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 Lower TargetC$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 06:22 PM 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.


This page (NYSE:HBM) was last updated on 7/20/2024 by MarketBeat.com Staff

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