Hudbay Minerals (TSE:HBM) Given New C$16.50 Price Target at National Bankshares

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM had its price target increased by research analysts at National Bankshares from C$14.50 to C$16.50 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has an "outperform" rating on the mining company's stock. National Bankshares' price objective suggests a potential upside of 12.02% from the company's current price.

A number of other research analysts have also recently commented on the stock. Jefferies Financial Group increased their target price on shares of Hudbay Minerals from C$14.00 to C$17.00 in a report on Friday, April 4th. Desjardins increased their target price 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. TD Securities upped their price objective on Hudbay Minerals from C$13.00 to C$15.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Stifel Canada raised Hudbay Minerals to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, Scotiabank upped their price objective on Hudbay Minerals from C$14.00 to C$15.50 in a research note on Monday, June 16th. Eight research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Hudbay Minerals currently has a consensus rating of "Buy" and a consensus price target of C$16.23.

Hudbay Minerals Price Performance

Shares of HBM stock traded up C$0.17 on Wednesday, reaching C$14.73. The company had a trading volume of 1,766,623 shares, compared to its average volume of 1,705,411. The stock has a market capitalization of C$4.09 billion, a PE ratio of 41.48, a price-to-earnings-growth 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. Hudbay Minerals has a one year low of C$8.49 and a one year high of C$15.19. The business's 50-day moving average is C$12.71 and its 200 day moving average is C$11.75.

Insider Activity at Hudbay Minerals

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. In the last ninety days, insiders have sold 34,074 shares of company stock valued at $447,953. 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.