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 target price raised by investment analysts at National Bankshares from C$14.50 to C$16.50 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the mining company's stock. National Bankshares' target price suggests a potential upside of 15.06% from the company's current price.

Several other research analysts also recently weighed in on the company. Veritas upgraded Hudbay Minerals to a "strong-buy" rating in a research note on Monday. Jefferies Financial Group raised their price target on Hudbay Minerals from C$14.00 to C$17.00 in a report on Friday, April 4th. Raymond James Financial upgraded shares of Hudbay Minerals to a "moderate buy" rating in a report on Monday, June 30th. 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. Finally, BMO Capital Markets upgraded shares of Hudbay Minerals to a "strong-buy" rating in a research note on Tuesday, April 15th. Eight investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of C$16.23.

Hudbay Minerals Stock Down 2.6%

Shares of Hudbay Minerals stock traded down C$0.39 on Wednesday, reaching C$14.34. The stock had a trading volume of 1,444,752 shares, compared to its average volume of 1,703,451. 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 stock has a market capitalization of C$3.98 billion, a P/E ratio of 40.38, a P/E/G ratio of 3.97 and a beta of 1.83. The company has a 50 day moving average price of C$12.88 and a 200 day moving average price of C$11.79. Hudbay Minerals has a 1 year low of C$8.49 and a 1 year high of C$15.19.

Insider Buying and Selling

In other Hudbay Minerals news, Director Gregory Paul Dryden sold 30,000 shares of Hudbay Minerals 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 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 transaction of C$38,080.50. Insiders have sold a total of 34,074 shares of company stock valued at $447,953 over the last three months. 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.