Hudbay Minerals (TSE:HBM - Free Report) NYSE: HBM had its price target cut by Royal Bank of Canada from C$16.00 to C$15.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the mining company's stock.
Other research analysts also recently issued research reports about the company. 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 research note on Thursday. Stifel Nicolaus upped their price target on shares of Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a "buy" rating in a report on Thursday, January 30th. Scotiabank cut their price objective on Hudbay Minerals from C$15.50 to C$14.00 and set an "outperform" rating on the stock in a report on Thursday. Canaccord Genuity Group decreased their price target 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. Finally, National Bankshares lowered their target price on shares of Hudbay Minerals from C$17.00 to C$15.50 and set an "outperform" rating for the company in a research note on Thursday. Thirteen equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Hudbay Minerals has a consensus rating of "Buy" and an average target price of C$15.12.
Read Our Latest Research Report on Hudbay Minerals
Hudbay Minerals Price Performance
TSE:HBM traded down C$0.68 during mid-day trading on Thursday, reaching C$10.10. The stock had a trading volume of 3,178,308 shares, compared to its average volume of 1,660,290. Hudbay Minerals has a 12 month low of C$7.07 and a 12 month high of C$14.33. The stock has a market capitalization of C$2.80 billion, a PE ratio of 28.44, 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. The stock has a 50-day simple moving average of C$12.22 and a two-hundred day simple moving average of C$11.88.
Insider Activity
In other news, Senior Officer Robert Alan Carter sold 8,014 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of C$13.24, for a total transaction of C$106,105.36. Insiders own 0.07% of the company's stock.
Hudbay Minerals Company Profile
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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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