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Hudbay Minerals (TSE:HBM) Given New C$16.00 Price Target at Royal Bank of Canada

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Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM had its target price raised by Royal Bank of Canada from C$15.00 to C$16.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the mining company's stock. Royal Bank of Canada's price target would suggest a potential upside of 52.38% from the stock's previous close.

Other analysts also recently issued research reports about the company. TD Securities dropped their price objective on Hudbay Minerals from C$15.00 to C$14.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Scotiabank cut their price target on shares of Hudbay Minerals from C$15.50 to C$14.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Canaccord Genuity Group lowered their price objective on Hudbay Minerals from C$15.50 to C$14.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Stifel Nicolaus upped their price target 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. Finally, National Bankshares dropped their target price on shares of Hudbay Minerals from C$17.00 to C$15.50 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Thirteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Hudbay Minerals presently has a consensus rating of "Buy" and an average price target of C$15.18.

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View Our Latest Analysis on Hudbay Minerals

Hudbay Minerals Stock Up 0.5 %

Shares of Hudbay Minerals stock traded up C$0.05 during trading hours on Thursday, hitting C$10.50. 1,088,169 shares of the company's stock traded hands, compared to its average volume of 1,845,473. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39. Hudbay Minerals has a twelve month low of C$9.01 and a twelve month high of C$14.33. The stock has a 50 day simple moving average of C$11.81 and a 200-day simple moving average of C$11.89. The company has a market cap of C$2.91 billion, a PE ratio of 29.57, a PEG ratio of 3.97 and a beta of 1.83.

Insider Buying and Selling

In related news, Director Peter Gerald Jan Kukielski bought 9,300 shares of the business's stock in a transaction on Friday, February 21st. The stock was acquired at an average cost of C$10.76 per share, with a total value of C$100,068.00. 0.07% of the stock is owned by company insiders.

About Hudbay Minerals

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Hudbay Minerals (TSE:HBM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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