Hudbay Minerals (TSE:HBM) Price Target Raised to C$16.50

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM had its price target boosted by investment analysts at National Bankshares from C$14.50 to C$16.50 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the mining company's stock. National Bankshares' price objective suggests a potential upside of 15.06% from the stock's previous close.

Several other equities research analysts have also commented on HBM. Royal Bank Of Canada boosted their target price on shares of Hudbay Minerals from C$16.00 to C$17.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Scotiabank boosted their target price on shares of Hudbay Minerals from C$14.00 to C$15.50 in a research report on Monday, June 16th. Veritas raised Hudbay Minerals to a "strong-buy" rating in a research note on Monday, July 7th. Jefferies Financial Group lifted their price target on Hudbay Minerals from C$14.00 to C$17.00 in a research note on Friday, April 4th. Finally, Stifel Canada raised Hudbay Minerals to a "strong-buy" rating in a research note on Wednesday, March 19th. Eight research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, Hudbay Minerals currently has a consensus rating of "Buy" and a consensus price target of C$16.05.

Hudbay Minerals Price Performance

Shares of TSE HBM traded down C$0.39 during trading on Wednesday, hitting C$14.34. 1,444,752 shares of the company were exchanged, compared to its average volume of 1,703,451. The company has a market cap of C$3.98 billion, a price-to-earnings ratio of 40.38, a PEG ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a 1 year low of C$8.49 and a 1 year high of C$15.19. The firm's fifty day moving average price is C$12.88 and its 200 day moving average price is C$11.79. The company has a debt-to-equity ratio of 46.39, a current ratio of 1.86 and a quick ratio of 0.85.

Insider Activity

In other Hudbay Minerals news, Director Gregory Paul Dryden sold 30,000 shares of the firm's stock in a transaction dated 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 firm's stock in a transaction dated Friday, June 6th. The stock was 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 worth $447,953 over the last ninety days. 0.07% of the stock is owned by corporate insiders.

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.