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

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have earned an average recommendation of “Buy” from the fourteen research firms that are presently covering the company, Marketbeat reports. Twelve research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$15.54.

HBM has been the subject of a number of analyst reports. Royal Bank of Canada dropped their price target on Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. Jefferies Financial Group raised their target price on Hudbay Minerals from C$14.00 to C$15.00 in a research note on Friday, October 4th. Scotiabank upped their price objective on shares of Hudbay Minerals from C$14.50 to C$15.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Finally, National Bankshares lifted their target price on shares of Hudbay Minerals from C$15.50 to C$16.75 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th.

Hudbay Minerals Stock Performance

The firm has a market capitalization of C$4.86 billion, a price-to-earnings ratio of 33.19, a PEG ratio of 3.97 and a beta of 1.83. The company has a quick ratio of 0.85, a current ratio of 1.87 and a debt-to-equity ratio of 49.37. Hudbay Minerals has a 52-week low of C$6.72 and a 52-week high of C$14.33. The stock’s fifty day simple moving average is C$12.70 and its 200-day simple moving average is C$11.94.

Insiders Place Their Bets

In other Hudbay Minerals news, Senior Officer Robert Alan Carter sold 8,014 shares of the business’s stock in a transaction dated 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 owned by insiders.

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.