Hudbay Minerals (TSE:HBM) Given New C$15.50 Price Target at National Bankshares

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price decreased by equities research analysts at National Bankshares from C$17.00 to C$15.50 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the mining company’s stock. National Bankshares’ price objective suggests a potential upside of 42.07% from the stock’s current price.

HBM has been the topic of a number of other research reports. Stifel Nicolaus raised their target price on Hudbay Minerals from C$16.00 to C$16.50 and gave the company a “buy” rating in a report on Thursday, January 30th. Canaccord Genuity Group cut their price objective on Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating on the stock in a report on Thursday. Finally, TD Securities lowered their price objective on Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating for the company in a research report on Thursday. Thirteen analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$15.12.

Hudbay Minerals Stock Down 0.9 %

Shares of HBM stock traded down C$0.10 during trading hours on Thursday, hitting C$10.91. 2,063,651 shares of the company were exchanged, compared to its average volume of 1,586,581. The company has a market capitalization of C$3.03 billion, a PE ratio of 30.72, a PEG ratio of 3.97 and a beta of 1.83. 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 business has a 50 day moving average of C$12.33 and a two-hundred day moving average of C$11.90. Hudbay Minerals has a 52 week low of C$7.07 and a 52 week high of C$14.33.

Insider Activity

In related news, Senior Officer Robert Alan Carter sold 8,014 shares of the company’s stock in a transaction that occurred on 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.

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.