Hudbay Minerals (TSE:HBM) Given New C$13.50 Price Target at Scotiabank

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective lowered by Scotiabank from C$14.00 to C$13.50 in a research note released on Friday,BayStreet.CA reports. Scotiabank currently has an outperform rating on the mining company’s stock.

Other equities research analysts also recently issued research reports about the stock. Stifel Canada upgraded shares of Hudbay Minerals to a “strong-buy” rating in a research report on Wednesday, March 19th. National Bankshares cut their target price on shares of Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Stifel Nicolaus raised their target price on Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Canaccord Genuity Group dropped their price target on Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Finally, TD Securities reduced their price objective on Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Thirteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Hudbay Minerals has a consensus rating of “Buy” and a consensus target price of C$15.15.

Hudbay Minerals Price Performance

TSE HBM opened at C$10.99 on Friday. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39. Hudbay Minerals has a 1 year low of C$9.08 and a 1 year high of C$14.33. The company has a market cap of C$3.05 billion, a PE ratio of 30.95, a PEG ratio of 3.97 and a beta of 1.83. The stock’s 50-day moving average price is C$11.58 and its two-hundred day moving average price is C$11.93.

Hudbay Minerals Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 21st were paid a dividend of $0.01 per share. The ex-dividend date was Tuesday, March 4th. This represents a dividend yield of 0.1%. Hudbay Minerals’s dividend payout ratio (DPR) is 5.63%.

Insider Activity

In other news, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of C$12.00, for a total transaction of C$155,508.00. Also, Director Peter Gerald Jan Kukielski acquired 9,300 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was bought at an average cost of C$10.76 per share, for a total transaction of C$100,068.00. In the last 90 days, insiders have acquired 11,800 shares of company stock worth $127,418. 0.07% of the stock is owned by corporate 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.