Royal Bank of Canada Lowers Hudbay Minerals (TSE:HBM) Price Target to C$15.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective cut by stock analysts at Royal Bank of Canada from C$16.00 to C$15.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the mining company’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 37.49% from the stock’s current price.

Several other equities analysts also recently commented on HBM. National Bankshares lowered their price objective on Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating on the stock in a research report on Thursday. Scotiabank decreased their target price on Hudbay Minerals from C$15.50 to C$14.00 and set an “outperform” rating on the stock in a research report on Thursday. TD Securities decreased their target price on Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research report on Thursday. Canaccord Genuity Group decreased their target price on Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Stifel Nicolaus boosted their target price on Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Thirteen equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Hudbay Minerals presently has an average rating of “Buy” and a consensus price target of C$15.12.

Hudbay Minerals Price Performance

Shares of Hudbay Minerals stock traded down C$0.10 during trading hours on Thursday, hitting C$10.91. The company’s stock had a trading volume of 2,063,651 shares, compared to its average volume of 1,586,581. The business has a 50 day moving average price of C$12.33 and a two-hundred day moving average price of C$11.90. Hudbay Minerals has a 12-month low of C$7.07 and a 12-month high of C$14.33. The company has a market cap of C$3.03 billion, a PE ratio of 30.72, a PEG ratio of 3.97 and a beta of 1.83. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86.

Insiders Place Their Bets

In other Hudbay Minerals news, Senior Officer Robert Alan Carter sold 8,014 shares of the business’s 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 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.