Hudbay Minerals (HBM) Stock Forecast & Price Target

C$12.00 -0.10 (-0.83%)

(As of 11/14/2024 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 14 Analyst Ratings

Sell
0

Hold
0

Buy
14

Based on 14 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 14 analysts, 12 have given a buy rating, and 2 have given a strong buy rating for HBM.

Consensus Price Target

C$15.54
29.46% Upside

According to the 14 analysts' twelve-month price targets for Hudbay Minerals, the average price target is C$15.54. The highest price target for HBM is C$18.00, while the lowest price target for HBM is C$12.25. The average price target represents a forecasted upside of 29.46% from the current price of C$12.00.

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HBM Analyst Ratings Over Time

Type	Current Forecast 11/16/23 to 11/15/24	1 Month Ago 10/17/23 to 10/16/24	3 Months Ago 8/18/23 to 8/17/24	1 Year Ago 11/16/22 to 11/16/23
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	2 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	12 Buy rating(s)	12 Buy rating(s)	13 Buy rating(s)	7 Buy rating(s)
Hold	0 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	C$15.54	C$15.54	C$14.64	C$9.18
Forecasted Upside	29.46% Upside	22.81% Upside	38.51% Upside	54.84% Upside
Consensus Rating	Buy	Buy	Buy	Moderate Buy

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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
Consensus Rating Score	3.14	2.75
Consensus Rating	Buy	Moderate Buy
News Sentiment Rating	Positive News See Recent HBM News	Neutral 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
10/15/2024	National Bankshares 1 of 5 stars		Boost Target	Outperform	C$15.50 ➝ C$16.75	+36.29%
10/8/2024	Scotiabank 5 of 5 stars		Boost Target	Outperform	C$14.50 ➝ C$15.00	+21.75%
10/4/2024	Jefferies Financial Group 2 of 5 stars		Boost Target		C$14.00 ➝ C$15.00	+17.55%
9/10/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$18.00 ➝ C$16.00	+75.05%
7/22/2024	Stifel Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Mcgill Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
7/22/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$15.00 ➝ C$16.00	+42.60%
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7/22/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$16.00 ➝ C$15.00	+33.69%
7/11/2024	Eight Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$14.50 ➝ C$18.00	+44.00%
6/20/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$14.50 ➝ C$15.50	+26.95%
5/27/2024	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$13.50 ➝ C$15.00	+12.28%
5/21/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$15.00 ➝ C$17.00	+21.43%
5/16/2024	Haywood Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$13.00 ➝ C$16.00	+21.30%
5/15/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$14.00 ➝ C$16.00	+16.70%
5/14/2024	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Nagle Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
4/24/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$11.50 ➝ C$14.00	+32.70%
4/9/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$8.50 ➝ C$12.25	+11.77%
8/21/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$9.00 ➝ C$8.00	+23.08%
8/21/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$9.00 ➝ C$8.00	+23.08%
7/7/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 05:06 AM ET.

HBM Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Hudbay Minerals is C$15.54, with a high forecast of C$18.00 and a low forecast of C$12.25.
: 14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hudbay Minerals in the last year. There are currently 12 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" HBM shares.
: According to analysts, Hudbay Minerals's stock has a predicted upside of 29.46% based on their 12-month stock forecasts.
: Hudbay Minerals has been rated by research analysts at Jefferies Financial Group, National Bankshares, Royal Bank of Canada, and Scotiabank in the past 90 days.
: 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.

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This page (TSE:HBM) was last updated on 11/15/2024 by MarketBeat.com Staff

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Hudbay Minerals (HBM) Stock Forecast & Price Target