Hudbay Minerals (TSE:HBM) Given a C$15.50 Price Target by National Bankshares Analysts

National Bankshares set a C$15.50 target price on Hudbay Minerals (TSE:HBM) (NYSE:HBM) in a research report report published on Wednesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the mining company’s stock.

Several other brokerages have also recently weighed in on HBM. Stifel Canada upgraded Hudbay Minerals to a “strong-buy” rating in a research report on Wednesday, March 19th. Canaccord Genuity Group reduced their target price on Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Scotiabank lowered their price target on shares of Hudbay Minerals from C$14.00 to C$13.50 and set an “outperform” rating on the stock in a report on Friday, March 28th. Royal Bank of Canada boosted their price objective on shares of Hudbay Minerals from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research note on Thursday, March 13th. Finally, Stifel Nicolaus increased their target price on shares of Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Thirteen investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Hudbay Minerals currently has a consensus rating of “Buy” and a consensus target price of C$15.15.

Hudbay Minerals Stock Up 0.1 %

HBM opened at C$11.02 on Wednesday. Hudbay Minerals has a 12 month low of C$9.08 and a 12 month high of C$14.33. The company has a market cap of C$3.06 billion, a PE ratio of 31.03, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39. The company has a 50 day moving average of C$11.48 and a 200 day moving average of C$11.97.

Hudbay Minerals Dividend Announcement

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

Insiders Place Their Bets

In related news, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of Hudbay Minerals stock in a transaction on Thursday, March 20th. The shares were sold at an average price of C$12.00, for a total value of C$155,508.00. Also, Director Peter Gerald Jan Kukielski purchased 9,300 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were purchased at an average price of C$10.76 per share, with a total value of C$100,068.00. Insiders acquired 11,800 shares of company stock valued at $127,418 over the last three months. Insiders own 0.07% of the company’s stock.

About Hudbay Minerals

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.