Hudbay Minerals Inc. (TSE:HBM) Receives C$15.54 Average Target Price from Analysts

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have earned a consensus recommendation of “Buy” from the fourteen brokerages that are currently covering the stock, Marketbeat reports. Twelve research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$15.54.

HBM has been the topic of several analyst reports. Royal Bank of Canada reduced their target price on shares of Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. National Bankshares lifted their price objective on shares of Hudbay Minerals from C$15.50 to C$16.75 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Scotiabank increased their target price on Hudbay Minerals from C$14.50 to C$15.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Finally, Jefferies Financial Group lifted their price target on Hudbay Minerals from C$14.00 to C$15.00 in a report on Friday, October 4th.

Insider Transactions at Hudbay Minerals

In other news, Senior Officer Robert Alan Carter sold 8,014 shares of the stock in a transaction dated Tuesday, December 10th. The shares were 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 Price Performance

The firm has a 50-day moving average of C$12.70 and a 200-day moving average of C$11.94. The company has a quick ratio of 0.85, a current ratio of 1.87 and a debt-to-equity ratio of 49.37. The firm has a market cap of C$4.86 billion, a price-to-earnings ratio of 33.19, a P/E/G ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a 12-month low of C$6.72 and a 12-month high of C$14.33.

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.