Hudbay Minerals (TSE:HBM) Given a C$14.50 Price Target by National Bankshares Analysts

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM received a C$14.50 price objective from equities researchers at National Bankshares in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the mining company's stock. National Bankshares' price objective suggests a potential upside of 0.07% from the stock's current price.

A number of other equities research analysts have also recently issued reports on HBM. Royal Bank Of Canada upped their target price 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. Jefferies Financial Group boosted their price target on Hudbay Minerals from C$14.00 to C$17.00 in a research report on Friday, April 4th. Raymond James Financial raised their price objective on Hudbay Minerals from C$16.00 to C$17.00 in a research report on Friday, April 4th. BMO Capital Markets upgraded Hudbay Minerals to a "strong-buy" rating in a research note on Tuesday, April 15th. Finally, Scotiabank increased their price target on Hudbay Minerals from C$14.00 to C$15.50 in a research note on Monday, June 16th. Eight investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of C$16.05.

Hudbay Minerals Stock Down 0.6%

Shares of Hudbay Minerals stock traded down C$0.09 on Tuesday, reaching C$14.49. 1,153,009 shares of the company were exchanged, compared to its average volume of 1,689,730. The company has a market capitalization of C$4.02 billion, a price-to-earnings ratio of 40.80, a PEG ratio of 3.97 and a beta of 1.83. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39. Hudbay Minerals has a one year low of C$8.49 and a one year high of C$14.59. The company has a 50-day moving average of C$11.88 and a 200 day moving average of C$11.62.

Insiders Place Their Bets

In related news, Senior Officer Mark Zachary Gupta sold 2,874 shares of the business'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 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 have sold 34,074 shares of company stock worth $447,953 in the last 90 days. 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.