Hudbay Minerals Inc. (TSE:HBM) Receives C$16.67 Consensus Target Price from Analysts

Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM has been assigned an average recommendation of "Buy" from the ten analysts that are currently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$16.83.

A number of brokerages have recently weighed in on HBM. Scotiabank lifted their price objective on Hudbay Minerals from C$14.00 to C$15.50 in a research report on Monday, June 16th. Raymond James Financial lifted their price objective on Hudbay Minerals from C$17.00 to C$18.50 in a research report on Thursday. Stifel Nicolaus lifted their price objective on Hudbay Minerals from C$17.00 to C$20.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Desjardins lifted their price objective on Hudbay Minerals from C$16.00 to C$17.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Finally, Royal Bank Of Canada lifted their price objective on Hudbay Minerals from C$16.00 to C$17.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th.

Hudbay Minerals Trading Up 3.0%

HBM stock traded up C$0.47 during trading on Monday, hitting C$16.14. 476,642 shares of the company traded hands, compared to its average volume of 1,729,992. Hudbay Minerals has a 1 year low of C$8.49 and a 1 year high of C$16.69. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86. The company has a 50-day moving average of C$13.92 and a 200-day moving average of C$12.11. The firm has a market capitalization of C$4.48 billion, a PE ratio of 45.45, a P/E/G ratio of 3.97 and a beta of 1.83.

Hudbay Minerals Dividend Announcement

The business also recently declared a half year 25 dividend, which will be paid on Friday, September 19th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.01 per share. Hudbay Minerals's dividend payout ratio is currently 5.63%.

Insider Buying and Selling

In other news, Senior Officer Mark Zachary Gupta sold 2,874 shares of the firm's stock in a transaction that occurred 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 the firm's stock in a transaction that occurred 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. Company insiders own 0.07% of the company's stock.

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.