National Bankshares Reiterates “C$15.50” Price Target for Hudbay Minerals (TSE:HBM)

National Bankshares set a C$15.50 price target on Hudbay Minerals (TSE:HBM) (NYSE:HBM) in a research note published on Wednesday,BayStreet.CA reports. The firm currently has an outperform rating on the mining company’s stock.

Other research analysts have also recently issued research reports about the company. Canaccord Genuity Group reduced their price objective 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, February 20th. TD Securities reduced their price target on Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Scotiabank decreased their price target on Hudbay Minerals from C$14.00 to C$13.50 and set an “outperform” rating for the company in a report on Friday, March 28th. Stifel Canada upgraded shares of Hudbay Minerals to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, Stifel Nicolaus upped their target price on shares of 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 issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$15.48.

Hudbay Minerals Stock Performance

TSE:HBM opened at C$8.93 on Wednesday. The firm’s fifty day simple moving average is C$11.37 and its 200 day simple moving average is C$11.94. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39. Hudbay Minerals has a twelve month low of C$8.59 and a twelve month high of C$14.33. The firm has a market capitalization of C$2.48 billion, a price-to-earnings ratio of 25.15, a PEG ratio of 3.97 and a beta of 1.83.

Hudbay Minerals Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 21st. Investors 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 currently 5.63%.

Insiders Place Their Bets

In other Hudbay Minerals news, Director Peter Gerald Jan Kukielski purchased 9,300 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was acquired 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 stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of C$12.00, for a total transaction of C$155,508.00. Insiders have bought a total of 11,800 shares of company stock valued at $127,418 in the last quarter. Insiders own 0.07% of the company’s stock.

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.