Hudbay Minerals Inc. (TSE:HBM) Given Average Recommendation of “Buy” by Analysts

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have been given an average rating of “Buy” by the fourteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Twelve research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$15.57.

HBM has been the topic of several recent research reports. Stifel Nicolaus lifted their price objective on shares of 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. Scotiabank boosted their target price on Hudbay Minerals from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Finally, National Bankshares upped their target price on Hudbay Minerals from C$15.50 to C$16.75 and gave the company an “outperform” rating in a report on Tuesday, October 15th.

Hudbay Minerals Stock Performance

Shares of HBM opened at C$11.97 on Thursday. The stock has a market capitalization of C$4.71 billion, a PE ratio of 32.35, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. The business’s fifty day moving average price is C$12.28 and its 200 day moving average price is C$11.81. The company has a debt-to-equity ratio of 49.37, a current ratio of 1.87 and a quick ratio of 0.85. Hudbay Minerals has a 12-month low of C$6.72 and a 12-month high of C$14.33.

Insider Activity

In other news, Senior Officer Robert Alan Carter sold 8,014 shares of the company’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 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.