Hudbay Minerals Inc. (TSE:HBM) Given Average Recommendation of “Buy” by Brokerages

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) has been given a consensus rating of “Buy” by the fifteen ratings firms that are covering the firm, Marketbeat.com reports. Thirteen investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$15.12.

A number of research analysts have recently issued reports on the company. Scotiabank lowered their price target on Hudbay Minerals from C$15.50 to C$14.00 and set an “outperform” rating on the stock in a report on Thursday. Stifel Nicolaus boosted their price objective on shares of Hudbay Minerals from C$16.00 to C$16.50 and gave the company a “buy” rating in a research report on Thursday, January 30th. Canaccord Genuity Group cut their price objective on Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating for the company in a research note on Thursday. National Bankshares decreased their target price on shares of Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating on the stock in a research note on Thursday. Finally, TD Securities dropped their price target on shares of Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating for the company in a research report on Thursday.

Hudbay Minerals Stock Down 6.3 %

TSE:HBM opened at C$10.10 on Monday. Hudbay Minerals has a fifty-two week low of C$7.07 and a fifty-two week high of C$14.33. The firm has a market cap of C$2.80 billion, a P/E ratio of 28.44, a P/E/G ratio of 3.97 and a beta of 1.83. The firm has a 50-day simple moving average of C$12.22 and a two-hundred day simple moving average of C$11.89. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86.

Insider Activity at Hudbay Minerals

In other news, Senior Officer Robert Alan Carter sold 8,014 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of C$13.24, for a total transaction of C$106,105.36. Also, Director Peter Gerald Jan Kukielski acquired 9,300 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was acquired at an average price of C$10.76 per share, with a total value of C$100,068.00. 0.07% of the stock is 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.