Analysts Set Hudbay Minerals Inc. (TSE:HBM) Target Price at C$15.12

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) has earned a consensus recommendation of “Buy” from the fifteen research firms that are currently covering the stock, Marketbeat.com reports. Thirteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$15.12.

Several equities research analysts have recently issued reports on HBM shares. Canaccord Genuity Group lowered their price objective on shares of Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Royal Bank of Canada lowered their price objective on shares of Hudbay Minerals from C$16.00 to C$15.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. TD Securities lowered their price objective on shares of Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Scotiabank decreased their price target on shares of Hudbay Minerals from C$15.50 to C$14.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, Stifel Nicolaus lifted their price target 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.

Hudbay Minerals Price Performance

Shares of HBM opened at C$10.62 on Monday. The firm has a market cap of C$2.95 billion, a PE ratio of 29.91, a PEG ratio of 3.97 and a beta of 1.83. The firm’s 50 day moving average price is C$12.13 and its 200 day moving average price is C$11.88. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86. Hudbay Minerals has a twelve month low of C$7.50 and a twelve month high of C$14.33.

Insider Transactions at Hudbay Minerals

In related news, Director Peter Gerald Jan Kukielski bought 9,300 shares of Hudbay Minerals stock in a transaction dated Friday, February 21st. The shares were bought at an average cost of C$10.76 per share, with a total value of C$100,068.00. Also, Senior Officer Robert Alan Carter sold 8,014 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of C$13.24, for a total value of C$106,105.36. Company 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.