National Bankshares Reiterates "C$14.50" Price Target for Hudbay Minerals (TSE:HBM)

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM received a C$14.50 target price from stock analysts at National Bankshares in a report issued on Tuesday,BayStreet.CA reports. The firm currently has an "outperform" rating on the mining company's stock. National Bankshares' price target suggests a potential upside of 7.73% from the stock's current price.

HBM has been the topic of several other reports. Desjardins boosted their target price on Hudbay Minerals from C$16.00 to C$17.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Raymond James Financial lifted their price target 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 report on Tuesday, April 15th. Stifel Canada raised Hudbay Minerals to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, Royal Bank Of Canada boosted their target price on Hudbay Minerals from C$16.00 to C$17.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Eight analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of C$16.05.

Hudbay Minerals Trading Up 0.5%

Hudbay Minerals stock traded up C$0.07 during trading hours on Tuesday, reaching C$13.46. The company had a trading volume of 837,174 shares, compared to its average volume of 1,684,801. The company has a debt-to-equity ratio of 46.39, a current ratio of 1.86 and a quick ratio of 0.85. The company has a 50-day moving average price of C$11.79 and a 200 day moving average price of C$11.60. The firm has a market cap of C$3.73 billion, a price-to-earnings ratio of 37.90, a P/E/G ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a 12-month low of C$8.49 and a 12-month high of C$13.94.

Insider Transactions at Hudbay Minerals

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