Hudbay Minerals (TSE:HBM - Free Report) NYSE: HBM had its target price increased by TD Securities from C$13.00 to C$15.00 in a research note released on Tuesday,BayStreet.CA reports. They currently have a buy rating on the mining company's stock.
A number of other research firms have also recently weighed in on HBM. BMO Capital Markets raised Hudbay Minerals to a "strong-buy" rating in a report on Tuesday, April 15th. Scotiabank lifted their price target on shares of Hudbay Minerals from C$14.00 to C$15.50 in a research note on Monday, June 16th. Stifel Canada raised shares of Hudbay Minerals to a "strong-buy" rating in a research note on Wednesday, March 19th. 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. Finally, Royal Bank Of Canada lifted their price target on shares of Hudbay Minerals from C$16.00 to C$17.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Eight equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Hudbay Minerals presently has a consensus rating of "Buy" and a consensus target price of C$16.05.
View Our Latest Analysis on Hudbay Minerals
Hudbay Minerals Price Performance
TSE HBM traded up C$0.07 during trading hours on Tuesday, reaching C$13.46. The company's stock had a trading volume of 837,174 shares, compared to its average volume of 1,684,801. The firm has a market capitalization of C$3.73 billion, a price-to-earnings ratio of 37.90, a P/E/G 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$13.94. The company has a debt-to-equity ratio of 46.39, a current ratio of 1.86 and a quick ratio of 0.85. The company's 50-day moving average is C$11.79 and its two-hundred day moving average is C$11.60.
Insiders Place Their Bets
In other news, Senior Officer Mark Zachary Gupta sold 2,874 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was 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 business'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 value of C$396,204.00. In the last three months, insiders sold 34,074 shares of company stock worth $447,953. Corporate insiders own 0.07% of the company's stock.
Hudbay Minerals Company Profile
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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.
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