Hudbay Minerals (TSE:HBM) Price Target Cut to C$15.00 by Analysts at Royal Bank of Canada

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price lowered by Royal Bank of Canada from C$16.00 to C$15.00 in a research note released on Thursday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the mining company’s stock.

Several other research analysts have also recently weighed in on the stock. National Bankshares lowered their price target on shares of Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating on the stock in a report on Thursday. Scotiabank lowered their price target on shares of Hudbay Minerals from C$15.50 to C$14.00 and set an “outperform” rating on the stock in a report on Thursday. TD Securities lowered their price target on shares of Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating on the stock in a report on Thursday. Stifel Nicolaus increased their price target on shares of Hudbay Minerals from C$16.00 to C$16.50 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, Canaccord Genuity Group lowered their target price on shares of Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating on the stock in a report on Thursday. Thirteen equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$15.12.

Hudbay Minerals Stock Down 2.1 %

Hudbay Minerals stock opened at C$10.78 on Thursday. The stock has a market cap of C$2.99 billion, a P/E ratio of 30.36, a P/E/G ratio of 3.97 and a beta of 1.83. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39. Hudbay Minerals has a twelve month low of C$7.07 and a twelve month high of C$14.33. The company’s 50-day moving average price is C$12.27 and its two-hundred day moving average price is C$11.89.

Insider Buying and Selling

In related news, Senior Officer Robert Alan Carter sold 8,014 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of C$13.24, for a total transaction of C$106,105.36. 0.07% of the stock is currently owned by company 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.