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Hudbay Minerals (HBM) Stock Forecast & Price Target

C$12.50
-0.19 (-1.50%)
(As of 07/11/2024 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

Consensus Price Target

C$14.64
17.13% Upside
High ForecastC$18.00
Average ForecastC$14.64
Low ForecastC$8.00
TypeCurrent Forecast
7/13/23 to 7/12/24
1 Month Ago
6/13/23 to 6/12/24
3 Months Ago
4/14/23 to 4/13/24
1 Year Ago
7/13/22 to 7/13/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
12 Buy rating(s)
13 Buy rating(s)
10 Buy rating(s)
9 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$14.64C$14.36C$10.00C$9.48
Forecasted Upside17.13% Upside22.45% Upside31.81% Upside48.65% Upside
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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 Companies
Consensus Rating Score
2.93
2.62
Consensus RatingModerate BuyModerate Buy
News Sentiment RatingPositive News
Neutral News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/11/2024Eight Capital
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 Boost TargetC$14.50 ➝ C$18.00+44.00%
6/20/2024CIBC
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 Boost TargetOutperformC$14.50 ➝ C$15.50+26.95%
6/10/2024National Bankshares
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 Boost TargetOutperformC$15.50 ➝ C$16.50+30.13%
5/30/2024Scotiabank
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 Boost TargetC$15.00 ➝ C$17.00+26.39%
5/30/2024Stifel Nicolaus
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 Boost TargetC$12.50 ➝ C$15.00+11.52%
5/27/2024Cormark
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 Boost TargetBuyC$13.50 ➝ C$15.00+12.28%
5/21/2024BMO Capital Markets
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 Boost TargetOutperformC$15.00 ➝ C$17.00+21.43%
5/16/2024Haywood Securities
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 Boost TargetC$13.00 ➝ C$16.00+21.30%
5/15/2024Royal Bank of Canada
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 Boost TargetOutperformC$11.00 ➝ C$17.00+24.00%
5/15/2024TD Securities
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 Boost TargetBuyC$14.00 ➝ C$16.00+16.70%
5/14/2024National Bank Financial
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S. Nagle
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UpgradeHold ➝ Strong-Buy
5/13/2024Canaccord Genuity Group
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 Boost TargetBuyC$13.00 ➝ C$16.00+33.44%
5/3/2024Jefferies Financial Group
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 Set TargetHoldC$13.00+13.04%
4/24/2024Raymond James
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 Boost TargetC$11.50 ➝ C$14.00+32.70%
4/9/2024Bank of America
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 Boost TargetC$8.50 ➝ C$12.25+11.77%
8/21/2023CSFB
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 Lower TargetOutperformC$9.00 ➝ C$8.00+23.08%
8/21/2023Credit Suisse Group
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 Lower TargetC$9.00 ➝ C$8.00+23.08%
7/7/2023Barclays
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 UpgradeEqual Weight ➝ Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 07:12 AM ET.

HBM Forecast - Frequently Asked Questions

What is Hudbay Minerals' forecast for 2024?

According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Hudbay Minerals is C$14.64, with a high forecast of C$18.00 and a low forecast of C$8.00.

Should I buy or sell Hudbay Minerals stock right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hudbay Minerals in the last year. There are currently 2 hold ratings, 12 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" HBM shares.

Does Hudbay Minerals's stock price have much upside?

According to analysts, Hudbay Minerals's stock has a predicted upside of 24.95% 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 2 upgrades by analysts.

Do Wall Street analysts like Hudbay Minerals more than its competitors?

Analysts like Hudbay Minerals more than other "basic materials" companies. The consensus rating score for Hudbay Minerals is 2.93 while the average consensus rating score for "basic materials" companies is 2.62. Learn more on how HBM compares to other companies.


This page (TSE:HBM) was last updated on 7/12/2024 by MarketBeat.com Staff

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