Hudbay Minerals (TSE:HBM) Price Target Raised to C$17.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target hoisted by Jefferies Financial Group from C$14.00 to C$17.00 in a research note issued to investors on Friday,BayStreet.CA reports.

HBM has been the subject of several other reports. Scotiabank cut their target price on shares of Hudbay Minerals from C$14.00 to C$13.50 and set an “outperform” rating for the company in a research report on Friday, March 28th. National Bankshares set a C$15.50 price objective on Hudbay Minerals and gave the stock an “outperform” rating in a research note on Wednesday, April 2nd. Stifel Nicolaus lifted their target price on 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. Royal Bank of Canada upped their price target on Hudbay Minerals from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Thursday, March 13th. Finally, TD Securities lowered their price objective on 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. Thirteen investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$15.48.

Hudbay Minerals Trading Down 10.8 %

Hudbay Minerals stock opened at C$8.93 on Friday. Hudbay Minerals has a 52-week low of C$8.59 and a 52-week high of C$14.33. The company has a market cap of C$2.48 billion, a P/E ratio of 25.15, 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. The business has a 50-day simple moving average of C$11.37 and a two-hundred day simple moving average of C$11.98.

Hudbay Minerals Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 21st were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a yield of 0.1%. Hudbay Minerals’s payout ratio is 5.63%.

Insider Buying and Selling at Hudbay Minerals

In other Hudbay Minerals news, Director Peter Gerald Jan Kukielski bought 9,300 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was purchased at an average cost 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 company’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. In the last ninety days, insiders have purchased 11,800 shares of company stock worth $127,418. Insiders own 0.07% of the company’s stock.

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.