Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM has been assigned an average rating of "Buy" from the fourteen research firms that are presently covering the stock, MarketBeat reports. Twelve analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$15.57.
HBM has been the topic of several recent analyst reports. Scotiabank raised their target price on Hudbay Minerals from C$14.50 to C$15.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 8th. Stifel Nicolaus lifted their price objective on Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a "buy" rating in a research report on Thursday. Jefferies Financial Group upped their target price on Hudbay Minerals from C$14.00 to C$15.00 in a report on Friday, October 4th. Finally, National Bankshares lifted their price target on shares of Hudbay Minerals from C$15.50 to C$16.75 and gave the company an "outperform" rating in a report on Tuesday, October 15th.
Get Our Latest Analysis on Hudbay Minerals
Insiders Place Their Bets
In other news, Senior Officer Robert Alan Carter sold 8,014 shares of Hudbay Minerals stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of C$13.24, for a total value of C$106,105.36. Corporate insiders own 0.07% of the company's stock.
Hudbay Minerals Trading Down 2.4 %
HBM traded down C$0.30 during trading on Thursday, hitting C$11.98. 944,343 shares of the stock traded hands, compared to its average volume of 1,216,492. The firm has a 50-day moving average of C$12.30 and a 200 day moving average of C$11.82. Hudbay Minerals has a 12-month low of C$6.72 and a 12-month high of C$14.33. The firm has a market capitalization of C$4.72 billion, a P/E ratio of 32.38, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. The company has a debt-to-equity ratio of 49.37, a current ratio of 1.87 and a quick ratio of 0.85.
Hudbay Minerals Company Profile
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Get Free ReportHudbay 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.
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