Hudbay Minerals (TSE:HBM) Price Target Raised to C$17.00 at Raymond James

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective hoisted by Raymond James from C$16.00 to C$17.00 in a research note released on Friday morning,BayStreet.CA reports.

Other research analysts also recently issued reports about the company. Royal Bank of Canada upped their price target on Hudbay Minerals from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research note on Thursday, March 13th. Scotiabank cut their target price on 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. Stifel Nicolaus lifted their price target on shares of Hudbay Minerals from C$16.00 to C$16.50 and gave the company a “buy” rating in a research report on Thursday, January 30th. Stifel Canada upgraded shares of Hudbay Minerals to a “strong-buy” rating in a report on Wednesday, March 19th. Finally, Canaccord Genuity Group reduced their price objective on shares of 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. Thirteen analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$15.48.

Hudbay Minerals Price Performance

Shares of TSE HBM opened at C$8.93 on Friday. The firm has a market capitalization of C$2.48 billion, a P/E ratio of 25.15, a P/E/G ratio of 3.97 and a beta of 1.83. The firm’s 50-day moving average price is C$11.37 and its 200-day moving average price is C$11.94. 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$8.59 and a 1-year high of C$14.33.

Hudbay Minerals Dividend Announcement

The firm also recently announced 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. This represents a dividend yield of 0.1%. The ex-dividend date of this dividend was Tuesday, March 4th. Hudbay Minerals’s payout ratio is 5.63%.

Insider Transactions at Hudbay Minerals

In other Hudbay Minerals news, Director Peter Gerald Jan Kukielski acquired 9,300 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were bought at an average price of C$10.76 per share, for a total transaction of C$100,068.00. Also, 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. In the last 90 days, insiders bought 11,800 shares of company stock worth $127,418. 0.07% of the stock is owned by company insiders.

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.