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

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price lowered by analysts at Canaccord Genuity Group from C$15.50 to C$14.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the mining company’s stock. Canaccord Genuity Group’s price target would indicate a potential upside of 28.32% from the company’s previous close.

Separately, Stifel Nicolaus boosted their price objective on shares of Hudbay Minerals from C$16.00 to C$16.50 and gave the company a “buy” rating in a report on Thursday, January 30th. Thirteen analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Hudbay Minerals currently has an average rating of “Buy” and an average target price of C$15.12.

Hudbay Minerals Stock Performance

TSE HBM traded down C$0.10 during trading on Thursday, reaching C$10.91. The company’s stock had a trading volume of 2,063,651 shares, compared to its average volume of 1,586,581. 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$3.03 billion, a price-to-earnings ratio of 30.72, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a 12 month low of C$7.07 and a 12 month high of C$14.33. The firm has a 50 day moving average price of C$12.33 and a 200 day moving average price of C$11.90.

Insider Activity at Hudbay Minerals

In related news, Senior Officer Robert Alan Carter sold 8,014 shares of Hudbay Minerals stock in a transaction on 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.