Hudbay Minerals Inc. (TSE:HBM) Receives Consensus Recommendation of “Buy” from Analysts

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) has received a consensus recommendation of “Buy” from the fourteen ratings firms that are covering the company, Marketbeat reports. Twelve research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$15.54.

Several equities research analysts have weighed in on the company. Jefferies Financial Group increased their price target on Hudbay Minerals from C$14.00 to C$15.00 in a research report on Friday, October 4th. National Bankshares raised their target price on Hudbay Minerals from C$15.50 to C$16.75 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Finally, Scotiabank upped their price objective 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.

Insider Activity at Hudbay Minerals

In related news, Senior Officer Robert Alan Carter sold 8,014 shares of Hudbay Minerals stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of C$13.24, for a total value of C$106,105.36. 0.07% of the stock is owned by corporate insiders.

Hudbay Minerals Stock Up 2.7 %

TSE:HBM opened at C$12.69 on Thursday. The company has a debt-to-equity ratio of 49.37, a current ratio of 1.87 and a quick ratio of 0.85. The company’s fifty day moving average price is C$12.38 and its 200-day moving average price is C$11.82. Hudbay Minerals has a 1-year low of C$6.72 and a 1-year high of C$14.33. The firm has a market capitalization of C$4.99 billion, a P/E ratio of 34.30, a PEG ratio of 3.97 and a beta of 1.83.

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.