Hudbay Minerals Inc. (TSE:HBM) Receives Consensus Recommendation of "Buy" from Analysts

Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM has earned an average recommendation of "Buy" from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Eight 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 target among brokers that have issued ratings on the stock in the last year is C$16.05.

A number of brokerages have weighed in on HBM. Royal Bank Of Canada lifted their price target on shares of Hudbay Minerals from C$16.00 to C$17.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. BMO Capital Markets upgraded Hudbay Minerals to a "strong-buy" rating in a report on Tuesday, April 15th. National Bankshares set a C$14.50 price target on shares of Hudbay Minerals and gave the stock an "outperform" rating in a research report on Tuesday, June 24th. Jefferies Financial Group raised their price target on shares of Hudbay Minerals from C$14.00 to C$17.00 in a research report on Friday, April 4th. Finally, TD Securities increased their price objective on Hudbay Minerals from C$13.00 to C$15.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th.

Insider Transactions at Hudbay Minerals

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

Hudbay Minerals Price Performance

HBM traded up C$0.45 during trading on Friday, hitting C$14.90. The company's stock had a trading volume of 1,382,026 shares, compared to its average volume of 1,685,047. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39. The firm has a market capitalization of C$4.13 billion, a price-to-earnings ratio of 41.96, a P/E/G ratio of 3.97 and a beta of 1.83. The business's fifty day simple moving average is C$12.17 and its 200 day simple moving average is C$11.64. Hudbay Minerals has a twelve month low of C$8.49 and a twelve month high of C$15.19.

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.