Hudbay Minerals (TSE:HBM) PT Set at C$15.50 by National Bankshares

National Bankshares set a C$15.50 price target on Hudbay Minerals (TSE:HBM - Free Report) NYSE: HBM in a research note released on Wednesday,BayStreet.CA reports. The firm currently has an outperform rating on the mining company's stock.

Other equities analysts have also recently issued research reports about the company. TD Securities dropped 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. Stifel Nicolaus boosted 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 research report on Thursday, January 30th. Royal Bank of Canada lifted their price target on shares of Hudbay Minerals from C$15.00 to C$16.00 and gave the stock an "outperform" rating in a research note on Thursday, March 13th. Canaccord Genuity Group decreased their price objective on shares of Hudbay Minerals from C$15.50 to C$14.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Finally, Scotiabank reduced their price target on Hudbay Minerals from C$14.00 to C$13.50 and set an "outperform" rating on the stock in a report on Friday, March 28th. Thirteen analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of C$15.48.

Hudbay Minerals Price Performance

Shares of Hudbay Minerals stock traded up C$0.10 during trading hours on Wednesday, reaching C$9.03. The company's stock had a trading volume of 2,832,454 shares, compared to its average volume of 1,859,228. 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 one year low of C$8.49 and a one year high of C$14.33. The firm has a 50 day moving average price of C$11.37 and a 200-day moving average price of C$11.98. The stock has a market cap of C$2.51 billion, a P/E ratio of 25.43, a P/E/G ratio of 3.97 and a beta of 1.83.

Hudbay Minerals Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 21st were issued a $0.01 dividend. The ex-dividend date was Tuesday, March 4th. This represents a yield of 0.1%. Hudbay Minerals's dividend payout ratio (DPR) is presently 5.63%.

Insider Buying and Selling at Hudbay Minerals

In other Hudbay Minerals news, 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 stock was sold at an average price of C$12.00, for a total value of C$155,508.00. Also, Director Peter Gerald Jan Kukielski bought 9,300 shares of the business's stock in a transaction dated Friday, February 21st. The shares were purchased at an average cost of C$10.76 per share, with a total value of C$100,068.00. In the last ninety days, insiders acquired 11,800 shares of company stock worth $127,418. Company 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.