Hudbay Minerals (TSE:HBM) Price Target Raised to C$15.00 at TD Securities

Hudbay Minerals (TSE:HBM - Free Report) NYSE: HBM had its target price boosted by TD Securities from C$13.00 to C$15.00 in a research report report published on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the mining company's stock.

Several other equities analysts also recently commented on HBM. Scotiabank increased their price objective on shares of Hudbay Minerals from C$14.00 to C$15.50 in a research note on Monday, June 16th. BMO Capital Markets upgraded shares of Hudbay Minerals to a "strong-buy" rating in a report on Tuesday, April 15th. Jefferies Financial Group raised their price objective on Hudbay Minerals from C$14.00 to C$17.00 in a report on Friday, April 4th. Desjardins boosted their price objective on Hudbay Minerals from C$16.00 to C$17.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Finally, National Bankshares set a C$14.50 target price on Hudbay Minerals and gave the company an "outperform" rating in a research report on Tuesday. Eight equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Hudbay Minerals presently has an average rating of "Buy" and an average target price of C$16.05.

Hudbay Minerals Price Performance

Shares of HBM stock traded down C$0.09 on Tuesday, reaching C$14.49. The company had a trading volume of 1,153,009 shares, compared to its average volume of 1,689,730. The business's 50-day moving average is C$11.88 and its 200 day moving average is C$11.62. Hudbay Minerals has a one year low of C$8.49 and a one year high of C$14.59. 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$4.02 billion, a PE ratio of 40.80, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83.

Insider Buying and Selling at Hudbay Minerals

In other news, Senior Officer Mark Zachary Gupta sold 2,874 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of C$13.25, for a total value of C$38,080.50. Also, Director Gregory Paul Dryden sold 30,000 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of C$13.21, for a total value of C$396,204.00. In the last 90 days, insiders sold 34,074 shares of company stock valued at $447,953. 0.07% of the stock is currently owned by company 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.