Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM had its price objective upped by stock analysts at Stifel Nicolaus from C$16.00 to C$16.50 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has a "buy" rating on the mining company's stock. Stifel Nicolaus' price target would suggest a potential upside of 37.73% from the company's current price.
Several other research firms also recently commented on HBM. Jefferies Financial Group boosted their target price on shares of Hudbay Minerals from C$14.00 to C$15.00 in a report on Friday, October 4th. National Bankshares increased their price objective 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. Finally, Scotiabank raised their price objective on Hudbay Minerals from C$14.50 to C$15.00 and gave the company an "outperform" rating in a research report on Tuesday, October 8th. Twelve 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 stock currently has a consensus rating of "Buy" and an average price target of C$15.57.
Read Our Latest Research Report on Hudbay Minerals
Hudbay Minerals Price Performance
Shares of TSE HBM traded down C$0.30 during mid-day trading on Thursday, reaching C$11.98. The company's stock had a trading volume of 944,343 shares, compared to its average volume of 1,216,492. 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 has a 52 week low of C$6.72 and a 52 week high of C$14.33. The stock has a fifty day moving average of C$12.30 and a two-hundred day moving average of C$11.82. The firm has a market capitalization of C$4.72 billion, a PE ratio of 32.38, a P/E/G ratio of 3.97 and a beta of 1.83.
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. 0.07% of the stock is owned by corporate 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.
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