Brokerages Set Hudbay Minerals Inc. (TSE:HBM) Price Target at C$15.18

Shares of Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM have been assigned a consensus rating of "Buy" from the fifteen analysts that are covering the company, MarketBeat.com reports. Thirteen investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$15.18.

HBM has been the topic of a number of research reports. Stifel Nicolaus raised their price objective on shares of Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a "buy" rating in a report on Thursday, January 30th. National Bankshares reduced their price objective on Hudbay Minerals from C$17.00 to C$15.50 and set an "outperform" rating for the company in a research note on Thursday, February 20th. TD Securities lowered their target price on Hudbay Minerals from C$15.00 to C$14.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Canaccord Genuity Group cut their price target on Hudbay Minerals from C$15.50 to C$14.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Finally, Scotiabank decreased their price objective on Hudbay Minerals from C$15.50 to C$14.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th.

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Hudbay Minerals Stock Performance

HBM stock traded up C$0.21 during trading on Friday, reaching C$12.06. The stock had a trading volume of 1,310,199 shares, compared to its average volume of 1,868,912. The stock's 50 day moving average is C$11.66 and its two-hundred day moving average is C$11.92. The firm has a market cap of C$3.35 billion, a PE ratio of 33.96, a PEG ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a 52 week low of C$9.08 and a 52 week high of C$14.33. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39.

Hudbay Minerals Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 21st were given a dividend of $0.01 per share. The ex-dividend date was Tuesday, March 4th. This represents a yield of 0.1%. Hudbay Minerals's dividend payout ratio (DPR) is currently 5.63%.

Insiders Place Their Bets

In other news, Director Peter Gerald Jan Kukielski acquired 9,300 shares of the business's stock in a transaction on Friday, February 21st. The shares were acquired at an average price of C$10.76 per share, for a total transaction of C$100,068.00. Also, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of C$12.00, for a total transaction of C$155,508.00. Corporate insiders own 0.07% of the company's stock.

About Hudbay Minerals

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.