Hudbay Minerals (TSE:HBM) Price Target Raised to C$17.00 at Jefferies Financial Group

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM had its price objective increased by research analysts at Jefferies Financial Group from C$14.00 to C$17.00 in a research report issued on Friday,BayStreet.CA reports. Jefferies Financial Group's target price would suggest a potential upside of 73.82% from the company's previous close.

A number of other analysts have also weighed in on HBM. Stifel Canada raised shares of Hudbay Minerals to a "strong-buy" rating in a research note on Wednesday, March 19th. National Bankshares set a C$15.50 price objective on shares of Hudbay Minerals and gave the company an "outperform" rating in a research note on Wednesday, April 2nd. Scotiabank reduced their price objective on shares of Hudbay Minerals from C$14.00 to C$13.50 and set an "outperform" rating for the company in a research note on Friday, March 28th. TD Securities lowered their target price on Hudbay Minerals from C$15.00 to C$14.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Finally, Stifel Nicolaus lifted their price target on Hudbay Minerals from C$16.00 to C$16.50 and gave the company a "buy" rating in a report on Thursday, January 30th. Thirteen investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Hudbay Minerals presently has an average rating of "Buy" and a consensus price target of C$15.48.

Remove Ads

Hudbay Minerals Stock Up 12.8 %

TSE HBM traded up C$1.11 on Friday, reaching C$9.78. 3,134,474 shares of the stock traded hands, compared to its average volume of 1,892,827. Hudbay Minerals has a 12 month low of C$8.49 and a 12 month high of C$14.33. The company has a market cap of C$2.71 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 3.97 and a beta of 1.83. The company has a fifty day moving average price of C$11.19 and a 200-day moving average price of C$11.96. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86.

Insider Buying and Selling

In other news, Director Peter Gerald Jan Kukielski acquired 9,300 shares of Hudbay Minerals stock in a transaction dated Friday, February 21st. The stock was purchased at an average cost of C$10.76 per share, for a total transaction of C$100,068.00. Also, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of C$12.00, for a total value of C$155,508.00. Insiders purchased 11,800 shares of company stock worth $127,418 in the last three months. Corporate insiders own 0.07% of the company's stock.

About Hudbay Minerals

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.