Hudbay Minerals (TSE:HBM) Given New C$14.50 Price Target at Scotiabank

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price lowered by equities research analysts at Scotiabank from C$17.00 to C$14.50 in a report released on Monday, BayStreet.CA reports. Scotiabank’s price target suggests a potential upside of 34.51% from the company’s current price.

Several other analysts have also commented on HBM. Royal Bank of Canada boosted their price target on Hudbay Minerals from C$11.00 to C$17.00 and gave the company an “outperform” rating in a research note on Wednesday, May 15th. Stifel Canada upgraded shares of Hudbay Minerals to a “strong-buy” rating in a research report on Monday, July 22nd. Jefferies Financial Group upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating and set a C$14.00 price target on the stock in a research report on Wednesday, August 14th. CIBC lifted their price target on shares of Hudbay Minerals from C$14.50 to C$15.50 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Finally, Haywood Securities increased their price objective on shares of Hudbay Minerals from C$13.00 to C$16.00 in a research note on Thursday, May 16th. Thirteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$14.48.

Hudbay Minerals Stock Performance

Hudbay Minerals stock opened at C$10.78 on Monday. Hudbay Minerals has a 52 week low of C$5.46 and a 52 week high of C$14.33. The firm has a market capitalization of C$4.24 billion, a PE ratio of 32.67, a PEG ratio of 3.97 and a beta of 1.84. The business’s 50-day simple moving average is C$11.56 and its 200-day simple moving average is C$10.71. The company has a debt-to-equity ratio of 62.72, a quick ratio of 0.85 and a current ratio of 1.40.

Insiders Place Their Bets

In other news, Senior Officer Peter Adamek sold 5,874 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of C$13.00, for a total value of C$76,362.00. Company insiders own 0.07% of the company’s stock.

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.