Hudbay Minerals (TSE:HBM) Price Target Raised to C$16.50 at Stifel Nicolaus

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target lifted by Stifel Nicolaus from C$16.00 to C$16.50 in a research report sent to investors on Thursday,BayStreet.CA reports. They currently have a buy rating on the mining company’s stock.

Several other research analysts have also weighed in on the company. Scotiabank upped their price target on Hudbay Minerals from C$14.50 to C$15.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Jefferies Financial Group upped their price target on Hudbay Minerals from C$14.00 to C$15.00 in a research report on Friday, October 4th. Finally, National Bankshares boosted their target price on Hudbay Minerals from C$15.50 to C$16.75 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Twelve research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$15.57.

Hudbay Minerals Stock Up 3.0 %

TSE:HBM opened at C$12.28 on Thursday. The firm has a market capitalization of C$4.83 billion, a price-to-earnings ratio of 33.19, a PEG ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a 1-year low of C$6.72 and a 1-year high of C$14.33. The company has a current ratio of 1.87, a quick ratio of 0.85 and a debt-to-equity ratio of 49.37. The business’s fifty day moving average price is C$12.31 and its 200 day moving average price is C$11.82.

Insider Transactions at Hudbay Minerals

In related news, Senior Officer Robert Alan Carter sold 8,014 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of C$13.24, for a total transaction of C$106,105.36. 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.