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

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) has been given a consensus recommendation of “Buy” by the fourteen analysts that are currently covering the firm, Marketbeat Ratings reports. Twelve equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$15.54.

Several brokerages have weighed in on HBM. Scotiabank increased their price target on Hudbay Minerals from C$14.50 to C$15.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. National Bankshares raised their target price on shares of Hudbay Minerals from C$15.50 to C$16.75 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Jefferies Financial Group boosted their price target on shares of Hudbay Minerals from C$14.00 to C$15.00 in a report on Friday, October 4th. Finally, Royal Bank of Canada reduced their price objective on shares of Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th.

Hudbay Minerals Stock Up 1.4 %

Hudbay Minerals stock opened at C$12.41 on Thursday. The firm has a market capitalization of C$4.88 billion, a P/E ratio of 33.54, a P/E/G ratio of 3.97 and a beta of 1.83. The company has a current ratio of 1.87, a quick ratio of 0.85 and a debt-to-equity ratio of 49.37. Hudbay Minerals has a twelve month low of C$6.72 and a twelve month high of C$14.33. The stock’s fifty day simple moving average is C$12.41 and its 200-day simple moving average is C$11.82.

Insiders Place Their Bets

In other news, Senior Officer Robert Alan Carter sold 8,014 shares of the 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 currently owned by corporate 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.