Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM was upgraded by analysts at BMO Capital Markets to a "strong-buy" rating in a research report issued to clients and investors on Tuesday, April 15th,Zacks.com reports.
A number of other research analysts have also commented on HBM. TD Securities lowered their price objective on shares of Hudbay Minerals from C$15.00 to C$14.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. National Bankshares dropped their price objective on Hudbay Minerals from C$15.50 to C$14.50 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. 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 research note on Thursday, February 20th. Stifel Canada upgraded shares of Hudbay Minerals to a "strong-buy" rating in a research report on Wednesday, March 19th. Finally, Stifel Nicolaus raised 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. Eleven analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$15.64.
View Our Latest Research Report on HBM
Hudbay Minerals Stock Performance
HBM stock traded up C$0.34 during trading on Tuesday, reaching C$9.93. 510,042 shares of the company's stock were exchanged, compared to its average volume of 1,893,240. The firm has a market cap of C$2.75 billion, a PE ratio of 27.96, 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's fifty day moving average price is C$10.58 and its 200-day moving average price is C$11.84. Hudbay Minerals has a 1-year low of C$8.49 and a 1-year high of C$14.33.
Insiders Place Their Bets
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 acquired 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 firm's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of C$12.00, for a total transaction of C$155,508.00. Insiders acquired 11,800 shares of company stock valued at $127,418 over the last ninety days. Corporate insiders own 0.07% of the company's stock.
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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