Canaccord Genuity Group Cuts Hudbay Minerals (TSE:HBM) Price Target to C$14.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target cut by Canaccord Genuity Group from C$15.50 to C$14.00 in a research report report published on Thursday,BayStreet.CA reports. They currently have a buy rating on the mining company’s stock.

Separately, Stifel Nicolaus lifted their price target 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. Thirteen equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$15.12.

Hudbay Minerals Stock Performance

TSE HBM opened at C$10.78 on Thursday. The firm has a market capitalization of C$2.99 billion, a P/E ratio of 30.36, a PEG ratio of 3.97 and a beta of 1.83. The stock has a 50-day simple moving average of C$12.27 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. Hudbay Minerals has a fifty-two week low of C$7.07 and a fifty-two week high of C$14.33.

Insider Buying and Selling

In related news, Senior Officer Robert Alan Carter sold 8,014 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of C$13.24, for a total value of C$106,105.36. 0.07% of the stock is currently 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.