Hudbay Minerals (TSE:HBM) Price Target Lowered to C$15.50 at National Bankshares

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target trimmed by National Bankshares from C$17.00 to C$15.50 in a research report report published on Thursday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the mining company’s stock.

HBM has been the topic of several other research reports. Stifel Nicolaus boosted their price target on Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Canaccord Genuity Group cut their price target on Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, TD Securities cut their price target on Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research note on Thursday. Thirteen analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Hudbay Minerals currently has an average rating of “Buy” and an average price target of C$15.12.

Hudbay Minerals Price Performance

Shares of TSE HBM opened at C$10.78 on Thursday. Hudbay Minerals has a 1-year low of C$7.07 and a 1-year high of C$14.33. The business has a 50-day moving average of C$12.27 and a 200-day moving average of C$11.89. The company has a debt-to-equity ratio of 46.39, a current ratio of 1.86 and a quick ratio of 0.85. The company has a market capitalization of C$2.99 billion, a price-to-earnings ratio of 30.36, a PEG ratio of 3.97 and a beta of 1.83.

Insider Activity

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 value of C$106,105.36. Corporate 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.