Desjardins Upgrades Hudbay Minerals (TSE:HBM) to "Moderate Buy"

Desjardins upgraded shares of Hudbay Minerals (TSE:HBM - Free Report) NYSE: HBM to a moderate buy rating in a report issued on Thursday, April 3rd, Marketbeat reports.

Several other research firms also recently issued reports on HBM. National Bankshares set a C$15.50 target price on Hudbay Minerals and gave the company an "outperform" rating in a research report on Wednesday, April 2nd. Stifel Nicolaus increased their price objective 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. Canaccord Genuity Group decreased their target price on Hudbay Minerals from C$15.50 to C$14.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Stifel Canada upgraded Hudbay Minerals to a "strong-buy" rating in a research report on Wednesday, March 19th. Finally, Scotiabank reduced their price target on shares of Hudbay Minerals from C$14.00 to C$13.50 and set an "outperform" rating for the company in a research report on Friday, March 28th. Thirteen research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of C$15.71.

Hudbay Minerals Stock Performance

TSE:HBM traded down C$0.56 during trading hours on Thursday, hitting C$9.22. 1,651,601 shares of the company were exchanged, compared to its average volume of 1,887,529. 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 52-week low of C$8.49 and a 52-week high of C$14.33. The stock has a market capitalization of C$2.56 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 3.97 and a beta of 1.83. The company's 50 day moving average price is C$11.10 and its 200-day moving average price is C$11.93.

Hudbay Minerals Dividend Announcement

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

Insider Buying and Selling

In related news, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of the stock in a transaction 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 acquired 9,300 shares of the firm's stock in a transaction on Friday, February 21st. The stock was purchased at an average price of C$10.76 per share, for a total transaction of C$100,068.00. Insiders purchased a total of 11,800 shares of company stock worth $127,418 in the last 90 days. Insiders own 0.07% of the company's stock.

Hudbay Minerals Company Profile

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.