Hudbay Minerals (TSE:HBM) PT Set at C$15.50 by National Bankshares

Hudbay Minerals (TSE:HBM) (NYSE:HBM) received a C$15.50 target price from stock analysts at National Bankshares in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the mining company’s stock. National Bankshares’ target price would suggest a potential upside of 41.68% from the company’s previous close.

Several other analysts have also recently commented on HBM. Scotiabank decreased their price target on shares of Hudbay Minerals from C$14.00 to C$13.50 and set an “outperform” rating for the company in a report on Friday, March 28th. Canaccord Genuity Group dropped their target price on Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Stifel Nicolaus increased their target price on Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a “buy” rating in a report on Thursday, January 30th. TD Securities decreased 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 research note on Thursday, February 20th. Finally, Royal Bank of Canada increased their price target on Hudbay Minerals from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research note on Thursday, March 13th. Thirteen investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$15.15.

Hudbay Minerals Stock Down 0.6 %

Hudbay Minerals stock traded down C$0.07 during midday trading on Wednesday, hitting C$10.94. The stock had a trading volume of 491,059 shares, compared to its average volume of 1,811,955. The stock has a market cap of C$3.03 billion, a P/E ratio of 30.81, a P/E/G ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a 12 month low of C$9.08 and a 12 month high of C$14.33. The business has a fifty day moving average price of C$11.51 and a 200 day moving average price of C$11.96. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39.

Insiders Place Their Bets

In other Hudbay Minerals news, Director Peter Gerald Jan Kukielski purchased 9,300 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were bought at an average cost of C$10.76 per share, with a total value of C$100,068.00. Also, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of C$12.00, for a total value of C$155,508.00. Over the last 90 days, insiders bought 11,800 shares of company stock worth $127,418. 0.07% of the stock is owned by corporate insiders.

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.