Hudbay Minerals (HBM) Stock Forecast & Price Target

$10.27
+0.61 (+6.31%)
(As of 05/17/2024 ET)

Hudbay Minerals Consensus Analyst Rating 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.

Analysts' Consensus Rating

Buy
Based on 10 Analyst Ratings

Analysts' Consensus Price Target

$10.21
-0.54% Downside
High Forecast$13.00
Average Forecast$10.21
Low Forecast$8.00
TypeCurrent Forecast
5/20/23 to 5/19/24
1 Month Ago
4/20/23 to 4/19/24
3 Months Ago
2/19/23 to 2/19/24
1 Year Ago
5/20/22 to 5/20/23
Consensus Rating
Buy
Buy
Buy
Moderate Buy
Strong Buy
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
8 Buy rating(s)
8 Buy rating(s)
6 Buy rating(s)
2 Buy rating(s)
Hold
1 Hold rating(s)
0 Hold rating(s)
0 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 Target$10.21$9.75$9.75N/A
Predicted Upside-0.54% Downside76.34% Upside106.57% UpsideN/A
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HBM Analyst Ratings 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
2.58
2.49
Consensus RatingBuyModerate BuyHold
Predicted Upside-0.54% Downside432.40% Upside7.86% Upside
News Sentiment RatingPositive News
Neutral News
Positive News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/14/2024National Bank Financial
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S. Nagle
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UpgradeHold ➝ Strong-Buy
5/3/2024Jefferies Financial Group
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 Initiated CoverageHold$13.00+56.06%
4/9/2024Bank of America
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 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

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 07:47 AM ET.

HBM Price Target - Frequently Asked Questions

What is Hudbay Minerals's consensus rating and price target?

According to the issued ratings of 10 analysts in the last year, the consensus rating for Hudbay Minerals stock is Buy based on the current 1 hold rating, 8 buy ratings and 1 strong buy rating for HBM. The average twelve-month price prediction for Hudbay Minerals is $10.21 with a high price target of $13.00 and a low price target of $8.00. Learn more on HBM's analyst rating history.

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.

Is Hudbay Minerals being upgraded by Wall Street analysts?

Over the previous 90 days, Hudbay Minerals's stock had 2 upgrades by analysts.

Does Hudbay Minerals's stock price have much upside?

According to analysts, Hudbay Minerals's stock has a predicted upside of 72.27% based on their 12-month stock forecasts.

What analysts cover Hudbay Minerals?

Hudbay Minerals has been rated by Bank of America, Jefferies Financial Group, National Bank Financial, Raymond James, and Stifel Nicolaus in the past 90 days.


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This page (NYSE:HBM) was last updated on 5/19/2024 by MarketBeat.com Staff

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