Analysts Set Hudbay Minerals Inc. (TSE:HBM) PT at C$15.18

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) has received an average rating of “Buy” from the fifteen analysts that are currently covering the company, MarketBeat Ratings reports. Thirteen investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$15.18.

A number of research firms recently weighed in on HBM. Royal Bank of Canada upped their price objective on shares of Hudbay Minerals from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research note on Thursday, March 13th. Canaccord Genuity Group lowered their price target on shares of 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. Stifel Canada upgraded shares of Hudbay Minerals to a “strong-buy” rating in a research note on Wednesday, March 19th. National Bankshares reduced their price objective on shares of Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Finally, Stifel Nicolaus upped their target price on Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a “buy” rating in a report on Thursday, January 30th.

Insider Transactions at Hudbay Minerals

In related news, Director Peter Gerald Jan Kukielski acquired 9,300 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were purchased at an average cost of C$10.76 per share, with a total value of C$100,068.00. Also, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of C$12.00, for a total value of C$155,508.00. Insiders own 0.07% of the company’s stock.

Hudbay Minerals Price Performance

Shares of HBM stock opened at C$11.43 on Friday. Hudbay Minerals has a twelve month low of C$9.08 and a twelve month 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 stock has a fifty day simple moving average of C$11.61 and a two-hundred day simple moving average of C$11.93. The stock has a market capitalization of C$3.17 billion, a price-to-earnings ratio of 32.19, a P/E/G ratio of 3.97 and a beta of 1.83.

Hudbay Minerals Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 21st were issued a $0.01 dividend. This represents a yield of 0.1%. The ex-dividend date was Tuesday, March 4th. Hudbay Minerals’s dividend payout ratio is presently 5.63%.

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.