Hudbay Minerals (TSE:HBM) Rating Increased to Moderate Buy at Desjardins

Desjardins upgraded shares of Hudbay Minerals (TSE:HBM) (NYSE:HBM) to a moderate buy rating in a research note issued to investors on Thursday morning,Zacks.com reports.

Other analysts have also issued research reports about the stock. Stifel Nicolaus lifted 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 research note on Thursday, January 30th. Raymond James upped their target price on shares of Hudbay Minerals from C$16.00 to C$17.00 in a research note on Friday. TD Securities reduced their price target on shares of Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Jefferies Financial Group upped their price objective on Hudbay Minerals from C$14.00 to C$17.00 in a research note on Friday. Finally, Stifel Canada upgraded Hudbay Minerals to a “strong-buy” rating in a research report on Wednesday, March 19th. Thirteen equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$15.48.

Hudbay Minerals Price Performance

HBM stock opened at C$8.93 on Thursday. The stock’s 50 day moving average is C$11.37 and its two-hundred day moving average is C$11.94. Hudbay Minerals has a 52-week low of C$8.59 and a 52-week high of C$14.33. The company has a market capitalization of C$2.48 billion, a PE ratio of 25.15, a P/E/G ratio of 3.97 and a beta of 1.83. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39.

Hudbay Minerals Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 21st were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a dividend yield of 0.1%. Hudbay Minerals’s dividend payout ratio is presently 5.63%.

Insider Buying and Selling

In other Hudbay Minerals news, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of C$12.00, for a total transaction of C$155,508.00. Also, Director Peter Gerald Jan Kukielski acquired 9,300 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was bought at an average price of C$10.76 per share, with a total value of C$100,068.00. Insiders acquired 11,800 shares of company stock valued at $127,418 in the last three months. 0.07% of the stock is currently owned by corporate 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.