Hudbay Minerals (TSE:HBM) Price Target Raised to C$15.50 at Scotiabank

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM had its price objective upped by equities research analysts at Scotiabank from C$14.00 to C$15.50 in a research report issued on Monday,BayStreet.CA reports. Scotiabank's price target suggests a potential upside of 17.60% from the company's previous close.

A number of other research firms have also recently issued reports on HBM. BMO Capital Markets raised shares of Hudbay Minerals to a "strong-buy" rating in a research note on Tuesday, April 15th. National Bankshares dropped their price target on shares of Hudbay Minerals from C$15.50 to C$14.50 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. Raymond James Financial lifted their price target on shares of Hudbay Minerals from C$16.00 to C$17.00 in a research note on Friday, April 4th. TD Securities dropped their price target on shares of Hudbay Minerals from C$15.00 to C$14.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Finally, Desjardins lifted their price target on shares of Hudbay Minerals from C$16.00 to C$17.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Nine research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of C$15.92.

Hudbay Minerals Stock Performance

Shares of TSE HBM traded down C$0.15 during midday trading on Monday, reaching C$13.18. 284,069 shares of the stock were exchanged, compared to its average volume of 1,705,828. The firm has a market cap of C$3.66 billion, a price-to-earnings ratio of 37.11, a PEG ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a twelve month low of C$8.49 and a twelve month high of C$13.94. The firm has a 50-day simple moving average of C$11.49 and a two-hundred day simple moving average of C$11.58. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39.

Insiders Place Their Bets

In other news, Director Gregory Paul Dryden sold 30,000 shares of Hudbay Minerals stock in a transaction 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. Also, Senior Officer Mark Zachary Gupta sold 2,874 shares of Hudbay Minerals stock in a transaction 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. Insiders have sold a total of 34,074 shares of company stock valued at $447,953 in the last 90 days. 0.07% of the stock is owned by 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.