National Bankshares Reiterates “C$15.50” Price Target for Hudbay Minerals (TSE:HBM)

Hudbay Minerals (TSE:HBM) (NYSE:HBM) has been given a C$15.50 price objective by stock analysts at National Bankshares in a research report issued on Wednesday,BayStreet.CA reports. The firm 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 current price.

Other equities research analysts also recently issued research reports about the company. Stifel Canada upgraded Hudbay Minerals to a “strong-buy” rating in a research report on Wednesday, March 19th. Stifel Nicolaus upped their target price 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. Royal Bank of Canada lifted their price target on Hudbay Minerals from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a report on Thursday, March 13th. TD Securities dropped their target price on shares of Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Finally, Canaccord Genuity Group lowered their price target on Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Thirteen equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$15.15.

Hudbay Minerals Price Performance

HBM traded down C$0.07 on Wednesday, hitting C$10.94. 491,059 shares of the company’s stock were exchanged, compared to its average volume of 1,811,955. The firm has a 50-day moving average price of C$11.51 and a 200-day moving average price of C$11.96. The stock has a market cap of C$3.03 billion, a price-to-earnings ratio of 30.81, a P/E/G ratio of 3.97 and a beta of 1.83. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39. Hudbay Minerals has a fifty-two week low of C$9.08 and a fifty-two week high of C$14.33.

Insider Buying and Selling

In other news, 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 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 Hudbay Minerals stock in a transaction on Friday, February 21st. The shares were acquired at an average price of C$10.76 per share, with a total value of C$100,068.00. Insiders have acquired a total of 11,800 shares of company stock worth $127,418 over the last quarter. 0.07% of the stock is owned by company 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.