Hudbay Minerals (TSE:HBM) Raised to "Strong-Buy" at Veritas

Veritas upgraded shares of Hudbay Minerals (TSE:HBM - Free Report) NYSE: HBM to a strong-buy rating in a research report report published on Monday,Zacks.com reports.

Several other brokerages have also commented on HBM. National Bankshares set a C$14.50 price objective on shares of Hudbay Minerals and gave the company an "outperform" rating in a research report on Tuesday, June 24th. Stifel Canada raised shares of Hudbay Minerals to a "strong-buy" rating in a research report on Wednesday, March 19th. Royal Bank Of Canada increased their price objective 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. Jefferies Financial Group increased their price objective on shares of Hudbay Minerals from C$14.00 to C$17.00 in a research report on Friday, April 4th. Finally, BMO Capital Markets raised shares of Hudbay Minerals to a "strong-buy" rating in a research report on Tuesday, April 15th. Eight investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$16.23.

Hudbay Minerals Stock Up 1.7%

Hudbay Minerals stock traded up C$0.25 during midday trading on Monday, hitting C$14.81. 1,082,908 shares of the company's stock were exchanged, compared to its average volume of 1,699,241. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86. Hudbay Minerals has a 12 month low of C$8.49 and a 12 month high of C$15.19. The firm has a 50-day moving average of C$12.71 and a two-hundred day moving average of C$11.75. The company has a market cap of C$4.11 billion, a PE ratio of 41.70, a P/E/G ratio of 3.97 and a beta of 1.83.

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 shares were sold at an average price of C$13.25, for a total transaction 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 stock was sold at an average price of C$13.21, for a total transaction of C$396,204.00. Insiders have sold a total of 34,074 shares of company stock worth $447,953 in the last ninety days. Corporate insiders own 0.07% of the company's stock.

Hudbay Minerals Company Profile

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.