Hudbay Minerals (TSE:HBM) Given New C$15.50 Price Target at National Bankshares

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective decreased by investment analysts at National Bankshares from C$17.00 to C$15.50 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the mining company’s stock. National Bankshares’ price objective would indicate a potential upside of 42.07% from the company’s previous close.

Several other research analysts have also issued reports on HBM. TD Securities decreased their target price on Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating for the company in a research report on Thursday. Canaccord Genuity Group cut their target price on Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Stifel Nicolaus increased their target price on Hudbay Minerals from C$16.00 to C$16.50 and gave the company a “buy” rating in a research note on Thursday, January 30th. Thirteen investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$15.12.

Hudbay Minerals Stock Performance

Shares of HBM traded down C$0.10 during mid-day trading on Thursday, hitting C$10.91. The stock had a trading volume of 2,063,651 shares, compared to its average volume of 1,586,581. The company has a debt-to-equity ratio of 46.39, a current ratio of 1.86 and a quick ratio of 0.85. Hudbay Minerals has a 52 week low of C$7.07 and a 52 week high of C$14.33. The firm has a market cap of C$3.03 billion, a P/E ratio of 30.72, a PEG ratio of 3.97 and a beta of 1.83. The business has a fifty day moving average price of C$12.33 and a 200-day moving average price of C$11.90.

Insider Activity

In other Hudbay Minerals 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 value of C$106,105.36. 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.