Hudbay Minerals Inc. (TSE:HBM) Receives C$15.58 Average PT from Analysts

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have earned an average rating of “Buy” from the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. Nine analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$15.67.

A number of research firms recently commented on HBM. Scotiabank boosted their price target on Hudbay Minerals from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a report on Thursday, May 22nd. Jefferies Financial Group boosted their price target on Hudbay Minerals from C$14.00 to C$17.00 in a report on Friday, April 4th. TD Securities lowered their price target on Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Stifel Canada raised Hudbay Minerals to a “strong-buy” rating in a report on Wednesday, March 19th. Finally, BMO Capital Markets raised Hudbay Minerals to a “strong-buy” rating in a report on Tuesday, April 15th.

Insider Activity at Hudbay Minerals

In related news, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of C$12.00, for a total transaction of C$155,508.00. 0.07% of the stock is currently owned by insiders.

Hudbay Minerals Stock Up 0.8%

TSE HBM opened at C$13.19 on Wednesday. The stock’s 50 day moving average is C$10.81 and its 200 day moving average is C$11.53. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39. Hudbay Minerals has a 12 month low of C$8.49 and a 12 month high of C$13.94. The stock has a market cap of C$3.66 billion, a PE ratio of 37.14, a P/E/G ratio of 3.97 and a beta of 1.83.

About Hudbay Minerals

Hudbay Minerals Inc is a Canadian mining company with its operations, property developments, and exploration activities across the United States. The major mines that Hudbay operates are located in Manitoba, Canada, Arizona, United States; and Peru. The company is principally focused on the discovery, production, and marketing of base and precious metals.