Brokerages Set Hudbay Minerals Inc. (TSE:HBM) Target Price at C$15.54

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have been assigned an average recommendation of “Buy” from the fourteen research firms that are currently covering the stock, Marketbeat Ratings reports. Twelve analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$15.54.

A number of equities research analysts have recently weighed in on HBM shares. Jefferies Financial Group raised their price objective on shares of Hudbay Minerals from C$14.00 to C$15.00 in a report on Friday, October 4th. Scotiabank lifted their price target 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. Royal Bank of Canada dropped their price objective on Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. Finally, National Bankshares boosted their target price on 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 Stock Down 0.2 %

Shares of TSE:HBM opened at C$12.24 on Thursday. Hudbay Minerals has a fifty-two week low of C$6.72 and a fifty-two week high of C$14.33. The firm’s 50 day moving average price is C$12.43 and its 200 day moving average price is C$11.82. The company has a quick ratio of 0.85, a current ratio of 1.87 and a debt-to-equity ratio of 49.37. The stock has a market cap of C$4.82 billion, a price-to-earnings ratio of 33.08, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83.

Insider Activity

In related news, Senior Officer Robert Alan Carter sold 8,014 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of C$13.24, for a total transaction of C$106,105.36. Corporate insiders own 0.07% of the company’s stock.

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.