Stifel Nicolaus Forecasts Strong Price Appreciation for Hudbay Minerals (TSE:HBM) Stock

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective increased by equities research analysts at Stifel Nicolaus from C$16.00 to C$16.50 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the mining company’s stock. Stifel Nicolaus’ target price points to a potential upside of 37.73% from the company’s current price.

Other research analysts have also recently issued reports about the stock. National Bankshares increased their target price on shares of Hudbay Minerals from C$15.50 to C$16.75 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Scotiabank boosted their target price on Hudbay Minerals from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Finally, Jefferies Financial Group raised their price target on Hudbay Minerals from C$14.00 to C$15.00 in a research report on Friday, October 4th. Twelve research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$15.57.

Hudbay Minerals Trading Down 2.4 %

TSE:HBM opened at C$11.98 on Thursday. Hudbay Minerals has a 1 year low of C$6.72 and a 1 year high of C$14.33. The company has a debt-to-equity ratio of 49.37, a quick ratio of 0.85 and a current ratio of 1.87. The stock has a fifty day moving average price of C$12.30 and a two-hundred day moving average price of C$11.82. The stock has a market capitalization of C$4.72 billion, a price-to-earnings ratio of 32.38, a PEG ratio of 3.97 and a beta of 1.83.

Insiders Place Their Bets

In other Hudbay Minerals news, Senior Officer Robert Alan Carter sold 8,014 shares of the company’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. 0.07% of the stock is currently owned by 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.