Hudbay Minerals (TSE:HBM) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Key Points

• Stifel Nicolaus raised its price target for Hudbay Minerals from C$17.00 to C$20.00, suggesting a potential upside of 32.19% from the current price.
• The stock has a consensus rating of "Buy" among eight research analysts, with an average target price of C$16.67.
• Hudbay Minerals' stock traded down 2.9% to C$15.13 on Thursday, following recent insider selling by senior officers.

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM had its price target upped by investment analysts at Stifel Nicolaus from C$17.00 to C$20.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the mining company's stock. Stifel Nicolaus' price target would indicate a potential upside of 32.19% from the company's current price.

Several other analysts have also recently weighed in on the stock. Royal Bank Of Canada raised 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. Desjardins boosted their price target on shares of Hudbay Minerals from C$16.00 to C$17.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Veritas upgraded shares of Hudbay Minerals to a "strong-buy" rating in a report on Monday, July 7th. TD Securities boosted their price target on shares of Hudbay Minerals from C$13.00 to C$15.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Finally, Scotiabank boosted their price target on shares of Hudbay Minerals from C$14.00 to C$15.50 in a report on Monday, June 16th. Eight research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of C$16.67.

Hudbay Minerals Trading Down 2.9%

TSE HBM traded down C$0.45 during trading on Thursday, hitting C$15.13. The stock had a trading volume of 1,337,767 shares, compared to its average volume of 1,749,729. The company has a market capitalization of C$4.20 billion, a PE ratio of 42.61, a PEG ratio of 3.97 and a beta of 1.83. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39. The firm has a 50 day moving average price of C$13.67 and a 200 day moving average price of C$11.97. Hudbay Minerals has a twelve month low of C$8.49 and a twelve month high of C$16.69.

Insider Buying and Selling

In related news, Senior Officer Mark Zachary Gupta sold 2,874 shares of the company'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 company'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. Insiders sold 34,074 shares of company stock valued at $447,953 over the last ninety days. 0.07% of the stock is currently owned by corporate 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.

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