Hudbay Minerals (TSE:HBM) Upgraded to Moderate Buy at Desjardins

Hudbay Minerals (TSE:HBM) (NYSE:HBM) was upgraded by stock analysts at Desjardins to a “moderate buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

HBM has been the subject 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. Raymond James boosted their target price on Hudbay Minerals from C$16.00 to C$17.00 in a research report on Friday. Scotiabank dropped their price target on shares of Hudbay Minerals from C$14.00 to C$13.50 and set an “outperform” rating on the stock in a report on Friday, March 28th. Canaccord Genuity Group decreased their price objective on shares of Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Finally, Stifel Canada upgraded shares of Hudbay Minerals to a “strong-buy” rating in a report on Wednesday, March 19th. Thirteen 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 has a consensus rating of “Buy” and an average target price of C$15.48.

Hudbay Minerals Price Performance

Shares of HBM opened at C$8.93 on Thursday. Hudbay Minerals has a twelve month low of C$8.59 and a twelve month high of C$14.33. The company has a market capitalization of C$2.48 billion, a P/E ratio of 25.15, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. The firm has a 50 day moving average of C$11.37 and a 200 day moving average of C$11.94. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39.

Insider Activity at Hudbay Minerals

In related news, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of C$12.00, for a total transaction of C$155,508.00. Also, Director Peter Gerald Jan Kukielski purchased 9,300 shares of the stock in a transaction that occurred on 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. In the last ninety days, insiders purchased 11,800 shares of company stock worth $127,418. 0.07% of the stock is owned by company 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.