Hudbay Minerals Inc. (TSE:HBM) Receives Average Rating of "Buy" from Analysts

Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM has received a consensus rating of "Buy" from the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$16.17.

A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada raised their price objective on shares of Hudbay Minerals from C$16.00 to C$17.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Veritas raised shares of Hudbay Minerals to a "strong-buy" rating in a research report on Monday, July 7th. BMO Capital Markets raised shares of Hudbay Minerals to a "strong-buy" rating in a research report on Tuesday, April 15th. Jefferies Financial Group increased their target price on shares of Hudbay Minerals from C$14.00 to C$17.00 in a research report on Friday, April 4th. Finally, Scotiabank increased their target price on shares of Hudbay Minerals from C$14.00 to C$15.50 in a research report on Monday, June 16th.

Hudbay Minerals Stock Down 2.0%

Shares of HBM traded down C$0.27 during midday trading on Thursday, reaching C$13.55. The stock had a trading volume of 1,037,548 shares, compared to its average volume of 1,706,936. Hudbay Minerals has a 1-year low of C$8.49 and a 1-year high of C$15.19. The company's fifty day simple moving average is C$13.41 and its two-hundred day simple moving average is C$11.92. The company has a market cap of C$3.76 billion, a price-to-earnings ratio of 38.16, a PEG ratio of 3.97 and a beta of 1.83. The company has a debt-to-equity ratio of 46.39, a current ratio of 1.86 and a quick ratio of 0.85.

Insiders Place Their Bets

In other Hudbay Minerals news, Director Gregory Paul Dryden sold 30,000 shares of Hudbay Minerals stock in a transaction on Friday, June 6th. The shares were sold at an average price of C$13.21, for a total value of C$396,204.00. Also, Senior Officer Mark Zachary Gupta sold 2,874 shares of Hudbay Minerals stock in a transaction on Friday, June 6th. The shares were sold at an average price of C$13.25, for a total transaction of C$38,080.50. Over the last 90 days, insiders sold 34,074 shares of company stock worth $447,953. 0.07% of the stock is currently owned by company insiders.

About Hudbay Minerals

Hudbay Minerals Inc is a Canadian mining company with its operations, property developments, and exploration activities across the United States. The major mines that Hudbay operates are located in Manitoba, Canada, Arizona, United States; and Peru. The company is principally focused on the discovery, production, and marketing of base and precious metals.