Hudbay Minerals Inc. (TSE:HBM) Receives C$15.54 Average Price Target from Analysts

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have been given an average recommendation of “Buy” by the fourteen brokerages that are currently covering the stock, Marketbeat.com reports. Twelve equities research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$15.54.

A number of equities analysts have weighed in on the company. Royal Bank of Canada reduced their price objective on Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. Scotiabank raised their target price on Hudbay Minerals from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Jefferies Financial Group boosted their price target on Hudbay Minerals from C$14.00 to C$15.00 in a report on Friday, October 4th. Finally, National Bankshares raised their price objective on shares of Hudbay Minerals from C$15.50 to C$16.75 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th.

Hudbay Minerals Trading Down 0.2 %

TSE:HBM opened at C$12.24 on Thursday. The company has a market capitalization of C$4.82 billion, a P/E ratio of 33.08, a PEG ratio of 3.97 and a beta of 1.83. The company has a current ratio of 1.87, a quick ratio of 0.85 and a debt-to-equity ratio of 49.37. Hudbay Minerals has a 12 month low of C$6.72 and a 12 month high of C$14.33. The firm has a fifty day simple moving average of C$12.43 and a 200-day simple moving average of C$11.82.

Insider Activity at Hudbay Minerals

In other news, Senior Officer Robert Alan Carter sold 8,014 shares of Hudbay Minerals stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of C$13.24, for a total value of C$106,105.36. 0.07% of the stock is owned by insiders.

Hudbay Minerals Company Profile

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.