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

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target lowered by investment analysts at Canaccord Genuity Group from C$15.50 to C$14.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the mining company’s stock. Canaccord Genuity Group’s price target would indicate a potential upside of 28.32% from the stock’s previous close.

Separately, Stifel Nicolaus raised their price objective 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 equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of C$15.12.

Hudbay Minerals Stock Performance

TSE:HBM traded down C$0.10 during mid-day trading on Thursday, reaching C$10.91. 2,063,651 shares of the stock were exchanged, compared to its average volume of 1,586,581. Hudbay Minerals has a 1 year low of C$7.07 and a 1 year high of C$14.33. The company has a 50 day simple moving average of C$12.33 and a 200-day simple moving average of C$11.90. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39. The stock has a market capitalization of C$3.03 billion, a P/E ratio of 30.72, a P/E/G ratio of 3.97 and a beta of 1.83.

Insider Transactions at Hudbay Minerals

In other news, Senior Officer Robert Alan Carter sold 8,014 shares of Hudbay Minerals stock in a transaction 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. Company 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.