Hudbay Minerals (TSE:HBM) Rating Increased to Strong-Buy at Stifel Canada

Hudbay Minerals (TSE:HBM) (NYSE:HBM) was upgraded by equities researchers at Stifel Canada to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

A number of other brokerages also recently issued reports on HBM. Stifel Nicolaus increased their price objective on Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Canaccord Genuity Group dropped their price target on Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. National Bankshares decreased their price objective on shares of Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Royal Bank of Canada raised their target price on shares of Hudbay Minerals from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research note on Thursday, March 13th. Finally, TD Securities cut 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 note on Thursday, February 20th. Thirteen analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$15.18.

Hudbay Minerals Stock Performance

Hudbay Minerals stock opened at C$11.95 on Wednesday. Hudbay Minerals has a 1-year low of C$9.01 and a 1-year high of C$14.33. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39. The firm has a market capitalization of C$3.32 billion, a PE ratio of 33.65, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. The firm’s 50 day simple moving average is C$11.71 and its 200 day simple moving average is C$11.90.

Insider Activity at Hudbay Minerals

In other news, Director Peter Gerald Jan Kukielski bought 9,300 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were bought at an average cost of C$10.76 per share, with a total value of C$100,068.00. 0.07% of the stock is currently owned by company 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.