Raymond James Financial Issues Positive Forecast for Hudbay Minerals (TSE:HBM) Stock Price

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price raised by Raymond James Financial from C$17.00 to C$18.50 in a research note issued to investors on Thursday morning,BayStreet.CA reports.

Other equities research analysts have also issued reports about the stock. Desjardins increased their target price on shares of Hudbay Minerals from C$16.00 to C$17.00 and gave the stock a “buy” rating in a report on Thursday, May 22nd. Veritas raised shares of Hudbay Minerals to a “strong-buy” rating in a report on Monday, July 7th. Scotiabank increased their target price on shares of Hudbay Minerals from C$14.00 to C$15.50 in a report on Monday, June 16th. TD Securities increased their target price on shares of Hudbay Minerals from C$13.00 to C$15.00 and gave the stock a “buy” rating in a report on Tuesday, June 24th. Finally, National Bankshares increased their target price on shares of Hudbay Minerals from C$16.50 to C$17.50 and gave the stock an “outperform” rating in a report on Thursday, August 14th. Three research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$16.83.

Hudbay Minerals Price Performance

HBM opened at C$16.28 on Thursday. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86. The stock has a market capitalization of C$4.52 billion, a P/E ratio of 45.84, a P/E/G ratio of 3.97 and a beta of 1.83. The company’s 50-day simple moving average is C$13.99 and its two-hundred day simple moving average is C$12.14. Hudbay Minerals has a 52-week low of C$8.49 and a 52-week high of C$16.69.

Hudbay Minerals Announces Dividend

The business also recently disclosed a half year 25 dividend, which will be paid on Friday, September 19th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.01 per share. Hudbay Minerals’s dividend payout ratio is presently 5.63%.

Insider Buying and Selling at Hudbay Minerals

In other news, Senior Officer Mark Zachary Gupta sold 2,874 shares of the company’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of C$13.25, for a total value of C$38,080.50. Also, Director Gregory Paul Dryden sold 30,000 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of C$13.21, for a total value of C$396,204.00. Insiders own 0.07% of the company’s stock.

Hudbay Minerals Company Profile

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.