Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM had its price objective decreased by equities researchers at Scotiabank from C$15.50 to C$14.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the mining company's stock. Scotiabank's price target would indicate a potential upside of 38.61% from the company's previous close.
Other research analysts have also issued research reports about the company. Canaccord Genuity Group reduced their price target on Hudbay Minerals from C$15.50 to C$14.00 and set a "buy" rating for the company in a research report on Thursday. Stifel Nicolaus increased their price objective on shares of Hudbay Minerals from C$16.00 to C$16.50 and gave the company a "buy" rating in a report on Thursday, January 30th. TD Securities dropped their target price on Hudbay Minerals from C$15.00 to C$14.00 and set a "buy" rating on the stock in a report on Thursday. Finally, National Bankshares decreased their price target 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. Thirteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of C$15.12.
Get Our Latest Stock Report on HBM
Hudbay Minerals Stock Performance
TSE:HBM traded down C$0.68 during midday trading on Thursday, reaching C$10.10. 3,178,308 shares of the company traded hands, compared to its average volume of 1,660,290. The company has a fifty day moving average price of C$12.22 and a 200 day moving average price of C$11.88. The firm has a market capitalization of C$2.80 billion, a price-to-earnings ratio of 28.44, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. The company has a debt-to-equity ratio of 46.39, a current ratio of 1.86 and a quick ratio of 0.85. Hudbay Minerals has a twelve month low of C$7.07 and a twelve month high of C$14.33.
Insider Buying and Selling at Hudbay Minerals
In related news, Senior Officer Robert Alan Carter sold 8,014 shares of the business's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of C$13.24, for a total transaction of C$106,105.36. Corporate insiders own 0.07% of the company's stock.
About Hudbay Minerals
(
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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.
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