Hudbay Minerals (TSE:HBM) Given New C$17.00 Price Target at Raymond James

Hudbay Minerals (TSE:HBM - Free Report) NYSE: HBM had its price target boosted by Raymond James from C$16.00 to C$17.00 in a research note issued to investors on Friday,BayStreet.CA reports.

Other equities analysts also recently issued research reports about the stock. Stifel Nicolaus lifted their price target on shares of Hudbay Minerals from C$16.00 to C$16.50 and gave the company a "buy" rating in a report on Thursday, January 30th. TD Securities dropped their target price on shares of 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. Canaccord Genuity Group lowered their price objective on Hudbay Minerals from C$15.50 to C$14.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Royal Bank of Canada increased their target price on Hudbay Minerals from C$15.00 to C$16.00 and gave the stock an "outperform" rating in a research report on Thursday, March 13th. Finally, Scotiabank lowered 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 equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of C$15.48.

Hudbay Minerals Stock Performance

Shares of HBM stock traded up C$1.11 during trading hours on Friday, reaching C$9.78. 3,134,474 shares of the company traded hands, compared to its average volume of 1,892,827. The firm has a 50-day moving average price of C$11.19 and a 200 day moving average price of C$11.96. The company has a market cap of C$2.71 billion, a P/E ratio of 27.54, a P/E/G ratio of 3.97 and a beta of 1.83. 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 12-month low of C$8.49 and a 12-month high of C$14.33.

Hudbay Minerals Dividend Announcement

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

Insiders Place Their Bets

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 transaction of C$155,508.00. Also, Director Peter Gerald Jan Kukielski purchased 9,300 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was bought at an average price of C$10.76 per share, with a total value of C$100,068.00. Insiders acquired 11,800 shares of company stock valued at $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.