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

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) has received an average recommendation of “Buy” from the fourteen research firms that are presently covering the stock, MarketBeat Ratings reports. Twelve equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$15.54.

A number of equities research analysts have weighed in on HBM shares. Scotiabank lifted their target price on Hudbay Minerals from C$14.50 to C$15.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. National Bankshares upped 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. Finally, Jefferies Financial Group raised their target price on shares of Hudbay Minerals from C$14.00 to C$15.00 in a research report on Friday, October 4th.

Hudbay Minerals Stock Performance

Shares of TSE:HBM opened at C$12.69 on Thursday. The firm’s 50 day simple moving average is C$12.38 and its 200-day simple moving average is C$11.82. The company has a debt-to-equity ratio of 49.37, a quick ratio of 0.85 and a current ratio of 1.87. Hudbay Minerals has a one year low of C$6.72 and a one year high of C$14.33. The firm has a market cap of C$4.99 billion, a PE ratio of 34.30, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83.

Insider Transactions at Hudbay Minerals

In related news, Senior Officer Robert Alan Carter sold 8,014 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of C$13.24, for a total value of C$106,105.36. 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.