Hudbay Minerals (TSE:HBM - Free Report) NYSE: HBM had its target price decreased by Canaccord Genuity Group from C$15.50 to C$14.00 in a report published on Thursday,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the mining company's stock.
Separately, Stifel Nicolaus increased their target price on shares of Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Thirteen research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of C$15.12.
Read Our Latest Report on HBM
Hudbay Minerals Trading Down 6.3 %
Shares of TSE HBM traded down C$0.68 during trading on Thursday, hitting C$10.10. 3,178,308 shares of the company traded hands, compared to its average volume of 1,660,290. The firm has a market capitalization of C$2.80 billion, a P/E ratio of 28.44, a P/E/G ratio of 3.97 and a beta of 1.83. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39. The company has a 50-day moving average price of C$12.22 and a 200-day moving average price of C$11.88. Hudbay Minerals has a 1 year low of C$7.07 and a 1 year high of C$14.33.
Insider Buying and Selling
In related news, Senior Officer Robert Alan Carter sold 8,014 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of C$13.24, for a total value of C$106,105.36. 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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