Hudbay Minerals (TSE:HBM) Price Target Cut to C$13.50 by Analysts at Scotiabank

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM had its target price decreased by Scotiabank from C$14.00 to C$13.50 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the mining company's stock. Scotiabank's price target indicates a potential upside of 22.62% from the stock's previous close.

A number of other equities research analysts have also recently weighed in on the company. Royal Bank of Canada boosted their price objective on Hudbay Minerals from C$15.00 to C$16.00 and gave the company an "outperform" rating in a research note on Thursday, March 13th. Canaccord Genuity Group reduced their target price on Hudbay Minerals from C$15.50 to C$14.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Stifel Nicolaus increased their target price on Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Stifel Canada raised Hudbay Minerals to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, 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 research report on Thursday, February 20th. Thirteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of C$15.15.

Hudbay Minerals Stock Up 0.9 %

Shares of HBM stock traded up C$0.10 on Friday, reaching C$11.01. 1,312,128 shares of the stock were exchanged, compared to its average volume of 1,833,381. Hudbay Minerals has a twelve month low of C$9.08 and a twelve month high of C$14.33. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39. The company has a market capitalization of C$3.05 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 3.97 and a beta of 1.83. The business's 50 day moving average price is C$11.54 and its 200 day moving average price is C$11.95.

Insider Buying and Selling at Hudbay Minerals

In other Hudbay Minerals news, Director Peter Gerald Jan Kukielski bought 9,300 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were 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 stock in a transaction that occurred 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 bought 11,800 shares of company stock valued at $127,418 in the last ninety days. 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.