Hudbay Minerals (TSE:HBM) Given New C$14.00 Price Target at Canaccord Genuity Group

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price reduced by Canaccord Genuity Group from C$15.50 to C$14.00 in a research report released on Thursday,BayStreet.CA reports. They currently have a buy rating on the mining company’s stock.

Separately, Stifel Nicolaus lifted their target price on Hudbay Minerals from C$16.00 to C$16.50 and gave the company a “buy” rating in a research note on Thursday, January 30th. Thirteen 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, the company presently has an average rating of “Buy” and an average price target of C$15.12.

Hudbay Minerals Price Performance

HBM opened at C$10.78 on Thursday. The business’s 50-day moving average is C$12.27 and its two-hundred day moving average is C$11.89. Hudbay Minerals has a 1 year low of C$7.07 and a 1 year high of C$14.33. 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 firm has a market capitalization of C$2.99 billion, a PE ratio of 30.36, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83.

Insider Activity at Hudbay Minerals

In other Hudbay Minerals news, Senior Officer Robert Alan Carter sold 8,014 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of C$13.24, for a total transaction of C$106,105.36. 0.07% of the stock is owned by insiders.

Hudbay Minerals Company Profile

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.