Hudbay Minerals (TSE:HBM) Stock Rating Upgraded by Desjardins

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

Other equities research analysts have also recently issued reports about the company. Stifel Canada raised Hudbay Minerals to a “strong-buy” rating in a research note on Wednesday, March 19th. Canaccord Genuity Group dropped their target price on 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. TD Securities decreased their price target on Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. 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. Finally, Scotiabank cut their price objective on shares of Hudbay Minerals from C$14.00 to C$13.50 and set an “outperform” rating on the stock in a research report on Friday, March 28th. Thirteen investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Hudbay Minerals currently has an average rating of “Buy” and a consensus price target of C$15.48.

Hudbay Minerals Stock Performance

Hudbay Minerals stock opened at C$8.93 on Thursday. The company’s 50-day moving average price is C$11.37 and its 200-day moving average price is 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. The company has a market cap of C$2.48 billion, a PE ratio of 25.15, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a twelve month low of C$8.59 and a twelve month high of C$14.33.

Insider Buying and Selling

In other Hudbay Minerals news, Director Peter Gerald Jan Kukielski purchased 9,300 shares of the stock in a transaction dated Friday, February 21st. The stock was purchased at an average price of C$10.76 per share, with a total value of C$100,068.00. Also, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of C$12.00, for a total transaction of C$155,508.00. Insiders have bought a total of 11,800 shares of company stock valued at $127,418 over the last quarter. 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.