National Bankshares Reiterates C$15.50 Price Target for Hudbay Minerals (TSE:HBM)

National Bankshares set a C$15.50 price objective on Hudbay Minerals (TSE:HBM) (NYSE:HBM) in a report published on Wednesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the mining company’s stock.

Several other equities analysts also recently weighed in on HBM. Scotiabank dropped their price objective on Hudbay Minerals from C$14.00 to C$13.50 and set an “outperform” rating for the company in a research note on Friday, March 28th. Stifel Canada upgraded Hudbay Minerals to a “strong-buy” rating in a research report on Wednesday, March 19th. Stifel Nicolaus boosted their price objective on shares of Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Royal Bank of Canada raised their target price on shares of Hudbay Minerals from C$15.00 to C$16.00 and gave the company an “outperform” rating in a report on Thursday, March 13th. Finally, 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 report on Thursday, February 20th. Thirteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$15.48.

Hudbay Minerals Stock Down 10.8 %

HBM stock opened at C$8.93 on Wednesday. Hudbay Minerals has a 52 week low of C$8.59 and a 52 week high of C$14.33. 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 company has a market cap of C$2.48 billion, a P/E ratio of 25.15, a P/E/G ratio of 3.97 and a beta of 1.83. The company’s 50-day moving average price is C$11.37 and its 200 day moving average price is C$11.94.

Hudbay Minerals Announces Dividend

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

Insiders Place Their Bets

In other news, Director Peter Gerald Jan Kukielski acquired 9,300 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was acquired at an average cost of C$10.76 per share, for a total transaction of C$100,068.00. Also, 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 value of C$155,508.00. In the last ninety days, insiders have acquired 11,800 shares of company stock valued at $127,418. Insiders own 0.07% of the company’s stock.

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.